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Posted on Sep 21, 2024

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%

Please show me how you got the answer. It would be really helpful if you could also show me what to enter into the financial calculator HP 10bII+

Thanks!

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