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Consider a 10-year $1000 bond that was issued 5-years ago. If the bond has an annual coupon rate of 3%, pays coupon semi-annually, and is

Consider a 10-year $1000 bond that was issued 5-years ago. If the bond has an annual coupon rate of 3%, pays coupon semi-annually, and is currently selling for $933.5. The yield to maturity is more likely to be:

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