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Footsteps Company has a bond outstanding with a coupon rate of 5.9 percent and annual payments. The bond currently sells for $984.29, matures in 23

Footsteps Company has a bond outstanding with a coupon rate of 5.9 percent and annual payments. The bond currently sells for $984.29, matures in 23 years, and has a par value of $1,000. What is the YTM of the bond?

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