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What is the yield, compounded semi-annually, of a $15,000, 5.5% bond with monthly coupons redeemable in eight years if the bond is bought today for

What is the yield, compounded semi-annually, of a $15,000, 5.5% bond with monthly coupons redeemable in eight years if the bond is bought today for $16,333? Select one: a. 4.22% b. 6.11% c. 5.34% d. 3.75% e. 4.87%

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