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The equivalent annual-pay yield-to-maturity (YTM) for a 6.25% coupon monthly-pay bond is closest to A.6.81%. B.6.58%. C.6.43%. D.6.24%.

The equivalent annual-pay yield-to-maturity (YTM) for a 6.25% coupon monthly-pay bond is closest to

A.6.81%.

B.6.58%.

C.6.43%.

D.6.24%.

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