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You just paid $1,200 for a bond with the face value of $1,000. This bond pays a 5% coupon semi-annually, it has a term to
You just paid $1,200 for a bond with the face value of $1,000. This bond pays a 5% coupon semi-annually, it has a term to maturity of 15 years. Assume that the last coupon has just been paid. What is the yield to maturity of the bond? 2.40% 4.19% 5.96% 3.30% 5.08%
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