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A bond has a coupon rate of 7 . 5 % , pays interest semiannually, sells for $ 9 5 0 , and matures in

A bond has a coupon rate of 7.5%, pays interest semiannually, sells for $950, and matures in 15 years. What is its yield to maturity?
a.
8.0812%
b.
4.0406%
c.
7.9417%
d.
8.0873%

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