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What is the yield to maturity of a eight-year, $5,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading
What is the yield to maturity of a eight-year, $5,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,472?
A. 3.1%
B. 6.19%
C. 8.67%
D. 7.43%
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