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Consider the following semiannual pay, option-free bond: Annual coupon of 6%, 15-years to maturity, purchasing face value of $1,000, and a current price of $827.08

Consider the following semiannual pay, option-free bond: Annual coupon of 6%, 15-years to maturity, purchasing face value of $1,000, and a current price of $827.08 . Which of the following is closest to the bond's yield-to-maturity?

1 5%

2 8%

3 10%

4 4%

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