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Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of 5 . 7 percent. The bond sells for $

Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $961.87 and matures in 21 years. The par value is $1,000. What is the YTM of the bond? a)5.72% b)4.52% c)6.02% d)5.42% e)3.01%

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