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Jan buys a $1,000,3% semi-annual coupon bond for a price of $1,066 and holds it to maturity in six years. What was the bond's yield
Jan buys a $1,000,3% semi-annual coupon bond for a price of $1,066 and holds it to maturity in six years. What was the bond's yield to maturity if rates are compounded semi-annually? A. 1.83% B. 3.58% C. 0.77% D. 4.72%
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