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A Melbourne based company issued $100 bonds with a 5-year maturity at a coupon interest payment of $2.50 per quarter. If, with three years to

A Melbourne based company issued $100 bonds with a 5-year maturity at a coupon interest payment of $2.50 per quarter. If, with three years to go to maturity, the value of these bonds was $98.23, what would be the effective annual yield to maturity on these bonds? a. 11.64 % b. 2.67% c. 11.13% d. 10.84%

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