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Question
A $5,000 face value municipal bond matures in 6 years and has a market value of $5,110. The coupon rate is 3.5 percent with interest paid semiannually. What is the yield to maturity?A. 2.92 percent
B. 3.10 percent
C. 3.73 percent
D. 5.13 percent
E. 6.38 percent
Answer
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