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A bond has a coupon rate of 8 % , pays interest semiannually, sells for $ 9 6 0 , and matures in 3 years.

A bond has a coupon rate of 8%, pays interest semiannually, sells for $960, and matures in 3 years. What is its yield to maturity? A.12.17% B.9.57% C.5.48% D.4.78%

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