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What is the yield to maturity of a nine-year, $5,000 bond with a 4.7% 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 4.7% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,824?

A.

7.27%

B.

6.24%

C.

5.2%

D.

2.6%

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