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Bob the Builder Inc. has a bond with a $1,000 face value that is currently priced at $1,011.23. This bond has a 4.26% coupon paid

Bob the Builder Inc. has a bond with a $1,000 face value that is currently priced at $1,011.23. This bond has a 4.26% coupon paid semi-annually and matures in 8 years. What is its yield to maturity in percent?

  1. 2.04

  2. 2.42

  3. 3.04

  4. 3.30

  5. 4.09

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