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Question
A $1,000 semiannual coupon bond matures in 15 years, has a coupon rate of 7.5 percent, and a market price of $982. What is the yield to maturity?A. 3.86 percent
B. 4.01 percent
C. 4.08 percent
D. 7.53 percent
E. 7.70 percent
Answer
This answer is hidden. It contains 28 characters.
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