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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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