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Shawna Carter wants to invest her recent bonus in an 8 - year bond that pays a coupon of 1 2 percent semiannually. The bonds

Shawna Carter wants to invest her recent bonus in an 8-year bond that pays a coupon of 12 percent semiannually. The bonds are selling at $978.15 today. If she buys this bond and holds it to maturity, what would be her yield? (Round to the closest answer.)
12.44%
6.22%
23.0%
12.5%

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