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Consider a coupon bond that has a par value of $1,100 and a coupon rate of 12%. The bond is currently selling for $1,221.00 and

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Consider a coupon bond that has a par value of $1,100 and a coupon rate of 12%. The bond is currently selling for $1,221.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)?
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