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A semi-annual coupon matures in one year. It has a face value of $1,000, a coupon rate of 4%, and the next semi-annual coupon is
A semi-annual coupon matures in one year. It has a face value of $1,000, a coupon rate of 4%, and the next semi-annual coupon is due in six months. The bond trades for $971.50. What is the yield to maturity of the bond?
Question 7 options:
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3.55%
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4.56%
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6.12%
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7.00%
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