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Julian Cespedes has just purchased a bond with a face value of $ 1 , 0 0 0 that pays 4 percent. The purchase price

Julian Cespedes has just purchased a bond with a face value of $1,000 that pays 4 percent. The purchase price of the bond was $950, and the bond will mature in 5 years. What is the yield to maturity for this bond (round to the nearest tenth of a percent)?

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