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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for $965.18 and matures

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for $965.18 and matures in 22 years. The par value is $1,000. What is the YTM of the bond?

3.04%

5.78%

4.57%

6.09%

5.48%

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