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There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the
There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the bond matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
Multiple Choice
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6.12%
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3.43%
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3.40%
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5.10%
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6.79%
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