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A 12-year 6% annual coupon bond with face value of $1,000 is trading for $920. What is its yield to maturity? Round to the tenth

A 12-year 6% annual coupon bond with face value of $1,000 is trading for $920. What is its yield to maturity? Round to the tenth of a percent (e.g. 5.24%=5.2). [ Hint: nper=12,pmt=60,pv=.920,fv=1000, type=0] Type your numeric answer and submit

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