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A 30-year corporate bond has a par value of $1,000 and a coupon rate of 3%. You buy the bond for $980 and plan to
A 30-year corporate bond has a par value of $1,000 and a coupon rate of 3%. You buy the bond for $980 and plan to hold it until maturity. The bond pays interest semi-annually. The yield to maturity of this bond is _____
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