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Consider a corporate bond with a 3% coupon rate, paid semi-annually, $1000 par value and a current market price of $975.25. It matures in exactly

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Consider a corporate bond with a 3% coupon rate, paid semi-annually, $1000 par value and a current market price of $975.25. It matures in exactly 8 years. What is the implied yield to maturity? [Choose closest] A. 2.945% B. 3.355% C. 1.675% D. 6.400% E. 3.200%

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