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Sissi paid $930.00 for a $1000.00 bond maturing in 12 years. The bond pays a coupon amount of $35.00 every six months. The Yield-to-Maturity (YTM)

Sissi paid $930.00 for a $1000.00 bond maturing in 12 years. The bond pays a coupon amount of $35.00 every six months. The Yield-to-Maturity (YTM) on this bond is approximately _____:

a) 8.67 percent

b) 4.23 percent

c) 7.86 percent

d) 11.25 percent

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