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A bond has three years to maturity and a par value of $1,000. The coupon rate is 8.88%, with semiannual coupon payments. The market has

A bond has three years to maturity and a par value of $1,000. The coupon rate is 8.88%, with semiannual coupon payments. The market has placed a price of $1,085.99 on this bond. which is the correct yield to maturity?

6.25%
5.68%
2.86%
5.72%
2.84%

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