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Suppose a 15-year, $1,000 bond with an 2% coupon rate and semiannual coupons is trading for $950. What is the bond's yield to maturity? Select

Suppose a 15-year, $1,000 bond with an 2% coupon rate and semiannual coupons is trading for $950. What is the bond's yield to maturity? Select one: a. 1.20% b. 2.23% c. 2.40% d. 2.74%

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