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Calculate to four decimal places before converting to a percentage. Jericho Ireland owns LeGrandeMonde bonds in his portfolio. A recent price quote on the bonds

Calculate to four decimal places before converting to a percentage.
Jericho Ireland owns LeGrandeMonde bonds in his portfolio. A recent price quote on the bonds is 88.00. The bonds have 21/2 years left to maturity and a coupon rate of 33/4%. The yield to maturity at this price is closest to:
A)4.62%
B)9.23%
C)9.35%

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