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A bond with 15 years left to maturity makes coupon payments of $40.00 semiannually and...

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Finance

A bond with 15 years left to maturity makes coupon payments of $40.00 semiannually and sells for $1,150.00. The bonds annual yield to maturity (compounded semiannually) is:

3.21%
3.48%
4.00%
6.43%
6.96%
8.00%

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