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A semi-annual coupon bond rated AAA is selling at 102% of its par value. The coupon rate is 6%, and it has 20 years left
A semi-annual coupon bond rated AAA is selling at 102% of its par value. The coupon rate is 6%, and it has 20 years left to maturity. What is this bond's yield to maturity (YTM).
Please type your answer as a percentage without the sign (e.g. If your answer is 7.32%, type 7.32).
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