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Consider a seven-year, $ 1,000 bond with a 5% coupon rate (APR with semi-annual compounding). Coupons are paid semiannually. If this bond is currently trading

Consider a seven-year, $ 1,000 bond with a 5% coupon rate (APR with semi-annual compounding). Coupons are paid semiannually. If this bond is currently trading for a price of $949, what is the bonds yield to maturity (expressed as APR with semi-annual compounding)

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