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A bond was issued on January 1, 2018 and a maturity of January 1, 2050, with semi-annual payments with a coupon rate of 5%. At
A bond was issued on January 1, 2018 and a maturity of January 1, 2050, with semi-annual payments with a coupon rate of 5%. At the time of issuance, the YTM was 5%. The 11th coupon payment will be paid today and the bond (before payment) is trading at 99. What is the YTM?
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