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Bond YTM. A Mercury Inc, bond has a par value of $1,000, with 7 years remaining to maturity and is paying 6 percent interest on

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Bond YTM. A Mercury Inc, bond has a par value of $1,000, with 7 years remaining to maturity and is paying 6 percent interest on a annual basis. The bond currently trades at $1,060. What is the bond yield to maturity? Number % Round your answer to two decimals

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