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Consider a bond with only 3 cash flows: Price: 1 0 3 8 Coupon ( semiannual payment ) : 6 0 Maturity: 1 0 6

Consider a bond with only 3 cash flows:
Price: 1038
Coupon (semiannual payment): 60
Maturity: 1060
Set up the discounting equation and use trial and error to calculate the (annualized) yield-to-maturity.

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