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Let us consider a bond with 5 years to maturity. The face value of the bond is $ 1 , 0 0 0 . Its

Let us consider a bond with 5 years to maturity. The face value of the bond is $1,000. Its coupon rate is 6%(SEMI ANNUAL payments). The price of the bond is $970. What is the bond's YTM?
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a
3.000%
b
3.358%
c
6.000%
d
6.716%

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