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A bond with 15 years left to maturity makes coupon payments of $40.00 semiannually and sells for $1,150.00. The bonds annual yield to maturity (compounded

A bond with 15 years left to maturity makes coupon payments of $40.00 semiannually and sells for $1,150.00. The bonds annual yield to maturity (compounded semiannually) is:

3.21%

3.48%

4.00%

6.43%

6.96%

8.00%

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