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A coupon bond with face value of $1000 will mature in 5 years. The coupon rate is 4%, and coupons are paid semi-annually. Suppose the

A coupon bond with face value of $1000 will mature in 5 years. The coupon rate is 4%, and coupons are paid semi-annually. Suppose the current price of the bond is $860. What is the yield to maturity of the bond?

7.4%

3.7%

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