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. A bond with a par value of $1000 and a 7% coupon rate has 5 years to maturity. Coupons are paid semi-annually. If a

. A bond with a par value of $1000 and a 7% coupon rate has 5 years to maturity. Coupons are paid semi-annually. If a bond sells for $946, what is the yield to maturity?

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