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12) A bond with 13 years to maturity and a coupon rate of 4.5% and semiannual interest payments has a current price of $1,090. What
12)
A bond with 13 years to maturity and a coupon rate of 4.5% and semiannual interest payments has a current price of $1,090. What is the YTM on the bond? Enter your answer in decimal format.
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