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What is the yield-to-maturity of a $1,000, 7% semi-annual coupon bond that matures in 20 years and currently sells for $990? 7.7% 7.1% 3.55% 14.15%

What is the yield-to-maturity of a $1,000, 7% semi-annual coupon bond that matures in 20 years and currently sells for $990?

7.7%

7.1%

3.55%

14.15%

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