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A bond sells for $974.05 and has a coupon rate of 7.20 percent. If the bond has 18 years until maturity, what is the yield

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A bond sells for $974.05 and has a coupon rate of 7.20 percent. If the bond has 18 years until maturity, what is the yield to maturity of the bond? Assume semiannual compounding. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Yield to maturity 3.98 %

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