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Ford Motor Co. has bonds outstanding which are priced at $927.50. These bonds carry a coupon rate of 5.6%, make semiannual payments, and mature in

Ford Motor Co. has bonds outstanding which are priced at $927.50. These bonds carry a coupon rate of 5.6%, make semiannual payments, and mature in 10 years. Assuming the par value is $1,000, what is the annual yield to maturity (YTM) on these bonds?

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