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A 6 percent coupon bond with 20 years left to maturity is offered for sale at $1,101. What yield to maturity is the bond offering?

A 6 percent coupon bond with 20 years left to maturity is offered for sale at $1,101. What yield to maturity is the bond offering? (Assume interest payments are quarterly and par value is $1,000)

a. 5.1829%

b. 1.2964%

c. 2.5914%

d. 5.1856%

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