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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,962.90. The bond has a coupon rate of 6.90 percent and

Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,962.90. The bond has a coupon rate of 6.90 percent and matures in 14 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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