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What is Happytown yield to maturity

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Reference no: EM133027780

Question - If Happytown's ten-year, $1000 bond with a 2.5% coupon rate and semi-annual coupons is currently trading for a price of $848, what is Happytown's yield to maturity?

A) 2.46%

B) 4.40%

C) 5.02%

D) 6.39%

E) 6.82%

Reference no: EM133027780

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