Question: Question 5 (2 points) A bond with a 10% semiannual coupon matures in 6 years. The bond has a price of $1,200. What is the

Question 5 (2 points)

A bond with a 10% semiannual coupon matures in 6 years. The bond has a price of $1,200. What is the effective yield to maturity for this bond?

Question 5 options:

5.94%

6.07%

7.56%

12.32%

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