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A bond has $1,000 face value, 25 years to maturity, 3.5% annual coupon rate. The bond's current price is $961.58. Assuming the bond pays coupons
A bond has $1,000 face value, 25 years to maturity, 3.5% annual coupon rate. The bond's current price is $961.58. Assuming the bond pays coupons semiannually, what is the bond's yield to maturity (YTM)? 3.84% 1.92% 1.87% 3.74%
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