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Consider the case of a two-year discount bondthat is, a bond that pays no coupon and pays its face value after two years rather than

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Consider the case of a two-year discount bondthat is, a bond that pays no coupon and pays its face value after two years rather than one year. Suppose the face value of the bond is $1,000, and the price is $940. What is the bond's yield to maturity? The bond's yield to maturity is %. (Round your response to two decimal places.)

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