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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.3 percent. The bond sells for $948.63 and matures

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.3 percent. The bond sells for $948.63 and matures in 17 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice

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