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A bond has a maturity of 10 years, face value of $1,000, and coupon rate of 5.00%. Coupon payments are made semiannually. If the bond

A bond has a maturity of 10 years, face value of $1,000, and coupon rate of 5.00%. Coupon payments are made semiannually. If the bond is currently selling for $1,237.90, compute its annual yield to maturity, with semiannual compounding.

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