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A bond has an annual coupon rate of 3.6%, a face value of $1,000, a price of $1,051.18, and matures in 10 years. Part 1

A bond has an annual coupon rate of 3.6%, a face value of $1,000, a price of $1,051.18, and matures in 10 years.

Part 1 What is the bond's YTM?

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