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Suppose a 10-year, $1000 bond with an 8% coupon rate and annual coupons is sold for $1034.74. What is the bonds YTM? Is the YTM

Suppose a 10-year, $1000 bond with an 8% coupon rate and annual coupons is sold for $1034.74.
1. What is the bonds YTM?
2. Is the YTM higher or lower than the coupon rate?

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