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A two - year bond with par value $ 1 , 0 0 0 making annual coupon payments of $ 1 0 6 is priced

A two

-

year bond with par value $

1, 000

making annual coupon payments of $

106

is priced at $

1, 000 .

Required:a What is the yield to maturity of the bond?Note: Round your answer to

1

decimal place.Yield to maturity :

%

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