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A municipal bond with a coupon rate of 4 . 5 0 percent sells for $ 4 , 8 3 5 and has ten years
A municipal bond with a coupon rate of percent sells for $ and has ten years until maturity. What is the yield to maturity of
the bond?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to decimal places.
Yield to maturity of the bond
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