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A bond pays semi-annual coupons of $40 and sells for $998.49. What is the approximate YTM? a little bit higher than 8% a little bit

A bond pays semi-annual coupons of $40 and sells for $998.49. What is the approximate YTM?

a little bit higher than 8%

a little bit lower than 4%

a little bit higher than 4%

a little bit lower than 8%

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