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Bonds issued by Humanities Inc. with a par value of $1,000 and 9 years to maturity are selling at $1068.77 The coupon rate on these

Bonds issued by Humanities Inc. with a par value of $1,000 and 9 years to maturity are selling at $1068.77 The coupon rate on these bonds is 7% and interest is paid semi-annually. What is the YTM of the bonds on an annual basis?

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