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What is the yield to maturity of a nine-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 nine-year, $5,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,648?
A.
7.7%
B.
2.75%
C.
6.6%
D.
5.5%
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