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A $5,000 face value municipal bond matures in 12 years and is priced at $4,850. The coupon rate is 5.5% with interest paid semiannually. What

A $5,000 face value municipal bond matures in 12 years and is priced at $4,850. The coupon rate is 5.5% with interest paid semiannually. What is the yield to maturity on the bond?

Multiple Choice

4.77%
5.14%
5.40%
5.61%
5.85%

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