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A corporate bond pays 5% of its face value once per year. If this $10,000 10-year bond sols now for $10,500, what yield will be

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A corporate bond pays 5% of its face value once per year. If this $10,000 10-year bond sols now for $10,500, what yield will be earned on this bond? Assume the bond wil be redeemed at the and of 10 years for $10,000 Ciip The yield to maturity is K. (Round to two decimal places.)

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