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DEF bonds were issued 10 years ago and carry a 3% coupon. These bonds mature in 15 years and currently sell for $725. Find the
DEF bonds were issued 10 years ago and carry a 3% coupon. These bonds mature in 15 years and currently sell for $725. Find the yield to maturity. Round intermediate steps and your final answer to four decimals and enter your answer in decimal format (EX: .XXXX)
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