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Compute the yield to maturity (semi-annual compounded) of a 5-year 3% semi-annual coupon bond with $1000 face value. The market value of the bond is
Compute the yield to maturity (semi-annual compounded) of a 5-year 3% semi-annual coupon bond with $1000 face value. The market value of the bond is $872.05
a. | 6% | |
b. | 3% | |
c. | 1% | |
d. | 8% |
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