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A coupon bond with a 8% coupon rate pays interest semi-annually. It matures in five years, and is selling today at $864. The yield to
A coupon bond with a 8% coupon rate pays interest semi-annually. It matures in five years, and is selling today at $864. The yield to maturity on this bond is __________. a. 9.76%. b. None of the options are correct. c. 5.83% d. 4.43% e. 11.67%
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