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2.) A two-year bond pays a coupon rate of 10% and has a face value of $1,000. (In other words, the bond pays interest of

2.) A two-year bond pays a coupon rate of 10% and has a face value of $1,000. (In other words, the bond pays interest of $100 per year, plus principal of a $1,000 in year 2) If the bond sells for $960, what is its approximate yield to maturing? (Hint: Thi requires some trial and error calculations.

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