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Consider a coupon bond that has a par value of $1,200 and a coupon rate of 12%. The bond is currently selling for $1,285.60

Consider a coupon bond that has a par value of $1,200 and a coupon rate of 12%. The bond is currently selling for $1,285.60 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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