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GE issued a twenty-year low coupon bond 5 years ago. The coupon rate is 0.5%,...

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Finance

GE issued a twenty-year low coupon bond 5 years ago. The coupon rate is 0.5%, paid semi-annually and the next payment is due in 6 months. The bond's price is quoted at 76.8. What is the yield to maturity implied in the current price?

Select one:

a.2.34%

b.2.83%

c.1.17%

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