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A corporate bond has a semiannual coupon rate of 9%, a face value of $1,000, a market price of $850, and the bond matures in
A corporate bond has a semiannual coupon rate of 9%, a face value of $1,000, a market price of $850, and the bond matures in 15 years. Therefore, the bonds yield to maturity is __________.
5.54%
6.04%
12.10%
11.07%
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