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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,963.46. The bond has a coupon rate of 6.81 percent and

Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,963.46. The bond has a coupon rate of 6.81 percent and matures in 23 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Multiple Choice

6.27%
5.23%
6.97%
3.49%
6.62%

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