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A bond with 2 years to maturity and annual coupon payments has a face value of $1,000. Its coupon rate is 3% and its price
A bond with 2 years to maturity and annual coupon payments has a face value of $1,000. Its coupon rate is 3% and its price is $962.81. Its yield to maturity is closest to: Select one: a. 7% b. 5% c. 6% d. 4%
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