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Suppose a five-year $1,000 3% corporate bond with semiannual coupon payments is priced at $1,000. What is the yield to maturity at the current price?

Suppose a five-year $1,000 3% corporate bond with semiannual coupon payments is priced at $1,000. What is the yield to maturity at the current price? LO2

3.00%

6.86%

2.30%

10.05%

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