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4. (2 points) What is the yield to maturity (market rate of return) on a corporate bond with a coupon rate of 3.8% per year,

4. (2 points) What is the yield to maturity (market rate of return) on a corporate bond with a coupon rate of 3.8% per year, a maturity of 25 years, and a market value (price) of $1,120. Assume semi-annual coupon payments and a maturity payment of $1,000 per bond.

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