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Jan buys a$1,100, 3%semi-annual coupon bond for a price of$1,000 and holds it to maturity in six years. What was thebond's yield to maturity if
Jan buys a$1,100, 3%semi-annual coupon bond for a price of$1,000 and holds it to maturity in six years. What was thebond's yield to maturity if rates are compoundedsemi-annually?
A.
1.83%
B.
4.72%
C.
3.58%
D.
0.77%
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