Question: A $ 5 5 0 0 , 5 . 9 % bond with semi - annual coupons redeemable at par in 1 0 years was

A $5500,5.9% bond with semi-annual coupons redeemable at par in 10 years was purchased at 96.3.
What is the approximate yield rate?
a.
6.3882%
b.
4.5643%
c.
3.1941%
d.
9.1287%

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