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What is the yield-to-maturity of a $1,000, 7% semi-annual coupon bond that matures in 2...

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Accounting

What is the yield-to-maturity of a $1,000, 7% semi-annual coupon bond that matures in 2 years and currently sells for $997.07?

A) 7.31%

B) 6.87%

C) 7.16%

D) 7.04%

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