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Check My Work (No more tries A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for

image text in transcribed Check My Work (No more tries A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % $

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