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Clifford owns investment A and 1 bond B . The total value of his holdings is $ 2 , 5 3 7 . 2 1

Clifford owns investment A and 1 bond B. The total value of his holdings is $2,537.21. Investment A is expected to pay annual cash flows to Ronish of $298.00 per year with the first annual cash flow expected later today and the last annual cash flow expected in 8 years from today. Investment A has an expected return of 15.59 percent. Bond B pays semi-annual coupons, matures in 13 years, has a face value of $1,000.00, has a coupon rate of 8.84 percent, and pays its next coupon in 6 months. What is the yield-to-maturity for bond B?
4.92%(plus or minus 2 bps)
3.56%(plus or minus 2 bps)
9.84%(plus or minus 2 bps)
5.45%(plus or minus 2 bps)
none of the answers are within 2 bps of the correct answer

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