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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.2 percent. The bond sells for $978.42 and matures

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.2 percent. The bond sells for $978.42 and matures in 24 years. The par value is $1,000. What is the YTM of the bond? 6.06% 5.74% 3.19% 4.78% 6.38%

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