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aupts A bond has a quoted price of $1,050. It has a face value of $1,000, annual coupon of $60, and a maturity of

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aupts A bond has a quoted price of $1,050. It has a face value of $1,000, annual coupon of $60, and a maturity of five years. What is the yield to maturity? Please round your answer to four decimal places.

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