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Full Screen A bond with 1 0 years to maturity is priced today at 1 0 5 . 0 4 % for every $ 1

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A bond with 10 years to maturity is priced today at 105.04% for every $100 of par value. The bond's coupon rate is 9%. Determine the bond's yield to maturity. (Round your answer to two decimal places.)
Note: unless otherwise indicated, assume annual compounding.
%
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