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A bond currently trades for $2,045.70. The bond has a face value of $2,000 and pays a semi-annual coupon of 6.78%. The bond matures in

A bond currently trades for $2,045.70. The bond has a face value of $2,000 and pays a semi-annual coupon of 6.78%. The bond matures in 22 years. The yield to maturity on this bond equals:

A. 3.24%

B. 6.94%

C. 3.29%

D. 6.58%

E. 5.92%

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