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A bond pays $60 interest every 6 months. Its price is $970 and face value is $1000. There are 8 years until maturity. What is

A bond pays $60 interest every 6 months. Its price is $970 and face value is $1000. There are 8 years until maturity. What is the yield to maturity of this bond?

a) 6.30% b) 12.61% c) not enough info d) none

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