Question: You are interested in purchasing a 1 0 year bond with semi - annual coupons at a coupon rate of 3 . 8 % .

You are interested in purchasing a 10 year bond with semi-annual coupons at a coupon rate of 3.8%. If the bond is currently selling for $851.95, and the par value is $1,000, what is the yield to maturity on the bond?
2.88%
2.90%
5.79%
5.77%

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