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Consider a 14 year bond with a 5.25 percent coupon paid annually which is currently trading at its face/principal value (100). Bonds trading at their

Consider a 14 year bond with a 5.25 percent coupon paid annually which is currently trading at its face/principal value (100). Bonds trading at their face/principal value are called par bonds. Assuming annual compounding, what is the Yield to Maturity of this par bond in percent (to two decimal places)?

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