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31. The market price of a $1000 par value, semi-annual payment bond is $982.39. If the bond has 21 years to maturity and an

31. The market price of a $1000 par value, semi-annual payment bond is $982.39. If the bond has 21 years to maturity and an annual coupon rate of 9.20%, what is the bond's yield-to-maturity? (Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94).

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