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A mortgage-backed security, with face value $1,000 and semi-annual coupon payments, matures in exactly one year from now. It trades at $1,019.85 now. If its
A mortgage-backed security, with face value $1,000 and semi-annual coupon payments, matures in exactly one year from now. It trades at $1,019.85 now. If its coupon rate is 3% and the next coupon payment is 6 months from now, find its yield to maturity.
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