A $5,000 face value municipal bond matures in 10 years and is priced at $4,850. The coupon

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A $5,000 face value municipal bond matures in 10 years and is priced at $4,850. The coupon rate is 4.75% with interest paid semiannually. What is the yield to maturity on the bond?

Multiple Choice

5.61%
5.85%
5.40%
5.14%
4.77%

Posted Date: Jun 15, 2024 01:46 PM

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A $5,000 face value municipal bond matures in 10 years and is priced at $4,850. The coupon

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