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Consider a coupon bond that has a par value of $ 1 , 1 0 0 and a coupon rate of 1 2 % .

Consider a coupon bond that has a par value of $1,100 and a coupon rate of 12%. The bond is currently selling for $1,232.01 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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