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A bond will mature in 19 years. The bond is currently selling for $1100 and has a coupon rate of 4%. The bond has a

A bond will mature in 19 years. The bond is currently selling for $1100 and has a coupon rate of 4%. The bond has a par value of $1000. What is the yield to maturity of this bond? Please answer in percentage and do not use calculator or excel, show calculations, thank you!

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