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A bond sells for $ 1 5 2 5 , matures in 1 0 years, has a par value of $ 1 0 0 0

A bond sells for $

1525,

matures in

10

years, has a par value of $

1000,

and has a coupon rate of

10 %,

paid semiannually. What is the bond

s yield to maturity?

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