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E*TRADE Financial Corp issues a 4 percent coupon bond with 30 years maturity and $1,000 face (par) value. If the current market price of this

E*TRADE Financial Corp issues a 4 percent coupon bond with 30 years maturity and $1,000 face (par) value. If the current market price of this bond is $1183, find its yield to maturity. Select one:

a. 3.06%

b. 2.00%

c. none of the answers is correct

d. 5.00%

e. 4.00%

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