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Analyze the 15-year, 5.5% coupon rate (annual payment), $1,000 par value bond. The bond currently sells for $1,318. Whats the bonds yield to maturity? 5.36%

Analyze the 15-year, 5.5% coupon rate (annual payment), $1,000 par value bond. The bond currently sells for $1,318. Whats the bonds yield to maturity?

5.36%

5.68%

2.86%

3.85%

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