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A 10 -year bond pays interest of $28.50 semiannually, has a face value of $1,000 , and is selling for $783.03 . What is the

A 10-year bond pays interest of $28.50 semiannually, has a face value of $1,000, and is selling for $783.03. What is the yield tomaturity?

The yield to maturity is ___%. (Round to two decimalplaces).

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