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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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