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A 7% coupon bond has a par value of $1,000 and 12 years remaining until maturity. If the bond's price is $975 and coupons are

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A 7% coupon bond has a par value of $1,000 and 12 years remaining until maturity. If the bond's price is $975 and coupons are paid semiannually, what is the yield-to-maturity? Enter your answer as an annualized rate in decimal form, showing four decimal places. That is, if your answer is 4.55%, enter .0455

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