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A $1,000, 4.75% Semi-Annual Bond matures on August 19, 2026. It was purchased on August 19, 2020 for $984.36. A. What is the Approximate YTM?

A $1,000, 4.75% Semi-Annual Bond matures on August 19, 2026. It was purchased on August 19, 2020 for $984.36. A. What is the "Approximate" YTM? 0.0253

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