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Find the Yield to Maturity (YTM) of a bond with a $1,000 par value, a remaining life of 15 years, and a coupon rate of

Find the Yield to Maturity (YTM) of a bond with a $1,000 par value, a remaining life of 15 years, and a coupon rate of 12% per year paid semi-annually. The bond is currently selling for $970.

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