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A bond has an annual coupon rate of 3 . 4 % , a face value of $ 1 , 0 0 0 , a

A bond has an annual coupon rate of

3.4 %,

a face value of $

1, 000,

a price of $

1, 097.28,

and matures in

10

years.

What is the bond's YTM

?

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