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A semiannual coupon bond is selling for $ 1 , 0 3 7 . It has a face value of $ 1 , 0 0

A semiannual coupon bond is selling for $

1, 037 .

It has a face value of $

1, 000,

a coupon rate of

10.3 %,

and a maturity of

5

years. What is its yield to maturity?

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