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Footsteps Company has a bond outstanding with a coupon rate of 5 . 5 percent and annual payments. The bond currently sells for $ 1

Footsteps Company has a bond outstanding with a coupon rate of 5.5 percent and annual payments. The bond currently sells for $1,000.41, matures in 19 years, and has a par value of $1,000. What is the YTM of the bond?

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