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Merrill wants to determine the yield to maturity (YTM) of a five year bond that has a coupon of 6%. The bond is currently selling

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Merrill wants to determine the yield to maturity (YTM) of a five year bond that has a coupon of 6%. The bond is currently selling for $1,125, what is its YTM? Select one a. 2.75% b. 3% C. 3.27% d, 4%

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