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Footsteps C o . has a semi - annual bond outstanding with a coupon rate of 5 . 5 percent. The bond currently sells for

Footsteps Co. has a semi-annual bond outstanding with a coupon rate of 5.5 percent. The bond currently sells for $1,100, matures in 19 years, and has a par value of $1,000. What is the YTM of the bond? Solve and show steps
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