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An analyst gathers the following information about a semiannual pay bond:
| Price | 102 |
|---|---|
| Years to maturity | 3 |
| Yield to maturity (semiannual basis) | 5.27% |
| Coupon | 6.00% |
The annual yield to maturity based on quarterly compounding is closest to:
A
5.24%
B
5.33%
C
5.96%