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A 5-year semi-annual bond has a face value of $1000, an annual coupon rate of 6% and is selling at 91.548% of its face value.
A 5-year semi-annual bond has a face value of $1000, an annual coupon rate of 6% and is selling at 91.548% of its face value. The YTM (i.e., the BEY) is __________.
14.430%
7.210%
4.044%
8.089%
None of the above
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