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A new series of bonds have a 10-year maturity, an Semi-annual coupon of $39, and a par value of $1,000. They currently sell for $1,010.
A new series of bonds have a 10-year maturity, an Semi-annual coupon of $39, and a par value of $1,000. They currently sell for $1,010. What is their yield to maturity? Please express answer as X.XX% or .XXXX. Do not round until the final result.
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