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Consider a coupon bond that has a par value of $ 1 , 1 0 0 and a coupon rate of 1 0 % .

Consider a coupon bond that has a par value of $1,100 and a coupon rate of 10%. The bond is currently selling for $1,149,38 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is %(Round your response to one decimal place)
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