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Assume that there is an annual coupon paying bond on the market priced at $850 and that the bond comes with a face value of

Assume that there is an annual coupon paying bond on the market priced at $850 and that the bond comes with a face value of $1,000. The coupon rate for the bond is 15% and the bond will reach maturity in 7 years. Calculate bond's YTM

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