Question: A certain semi-annual bond has 8 years remaining until maturity and 5 years remaining until it is callable at par. If this bond pays a

A certain semi-annual bond has 8 years remaining until maturity and 5 years remaining until it is callable at par. If this bond pays a 6% coupon and its current price quote is 102.37, then what is its appropriate yield?

5.63%

2.73%

2.81%

5.45%

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