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A bond with a 10% annual coupon matures in 6 years. The bond has a price of $1,200. What is the yield to maturity for

A bond with a 10% annual coupon matures in 6 years. The bond has a price of $1,200. What is the yield to maturity for this bond?

Question 3 options:

2.99%

5.94%

5.98%

7.42%

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