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A corporate bond sells for 106.50 percent of its $1000 par value. The bond has a coupon rate of 4.8 percent paid semiannually and matures

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A corporate bond sells for 106.50 percent of its $1000 par value. The bond has a coupon rate of 4.8 percent paid semiannually and matures in 10 years. What is the yield to maturity of this bond? a. 4.80 percent b. 4.00 percent c. 3.64 percent d. 4.75 percent e. 2.60 percent

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