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An investor recently purchased a bond with a $1000 face value, a 10 percent coupon rate, and six years to maturity. The bond makes annual

An investor recently purchased a bond with a $1000 face value, a 10 percent coupon rate, and six years to maturity. The bond makes annual interest payments with the given rate. The said bond has a market price of $1032.50. What would be the yield to maturity of that bond

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