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A government bond is currently selling for $1052 and pays $60 per year in interest for 12 years when it matures. If the redemption value
A government bond is currently selling for $1052 and pays $60 per year in interest for 12 years when it matures. If the redemption value of this bond is $1,000, what is its yield to maturity if purchased today for $1052? Enter your answer with 4 decimals (E.g. 0.1234).
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