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An investor buys a two - year Government bond for $ 1 , 0 0 0 . The investor receives $ 6 0 every 6

An investor buys a two-year Government bond for $1,000. The investor receives $60 every 6 months. After 18 months the purchase price of the bond is $980. What is the coupon yield?
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6%
11.62%
12.24%
12%

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