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2) The Salem Company bond currently sells for $955, has a 1256 eoupan interest rate and a $1,000 par value, pays interest annually, and has

2) The Salem Company bond currently sells for $955, has a 1256 eoupan interest rate and a $1,000 par value, pays interest annually, and has 15 years to maturity. Calculate the vield to maturity (YTM) on this bond. (15 pts)

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