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Estimate the yield to maturity of a bond that is $1,000 par, semi-annual coupon payments, 25 years to maturity, 10% coupon, and is currently
Estimate the yield to maturity of a bond that is $1,000 par, semi-annual coupon payments, 25 years to maturity, 10% coupon, and is currently selling for $1,200. Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34).
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