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1. A coupon bond that pays interest of $30 semiannually has a par value of $1,000, matures in 5 years, and is selling today at

1. A coupon bond that pays interest of $30 semiannually has a par value of $1,000, matures in 5 years, and is selling today at an $84.52 discount from par value. What is the yield to maturity on this bond?

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