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What is the yield to maturity of a nine-year, $ 5, 000 bond with a...

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Finance

What is the yield to maturity of a nine-year, $ 5, 000 bond with a 4.1% coupon rate and semiannual coupons if this bond is currently trading for a price of $ 4,372?

A. 8.29%

B. 7.1%

C. 5.92%

D. 2.96%

Answer & Explanation Solved by verified expert
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