Question: What is the approximate yield to maturity for a 2% bond, priced at 80.00 and maturing in 10.75 years? a) 2% b) 3.5% c) 4.29%

What is the approximate yield to maturity for a 2% bond, priced at 80.00 and maturing in 10.75 years? a) 2% b) 3.5% c) 4.29% d) 5.75%

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