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Good Neighbor Hotel Inc. issued 20-year bonds two years ago at a coupon rate of 5.3 percent and a face value of $1,000. The bonds

Good Neighbor Hotel Inc. issued 20-year bonds two years ago at a coupon rate of 5.3 percent and a face value of $1,000. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?

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