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Suppose a firm has the following bond information: - Years to maturity: 30 - Coupon Rate: 3%, semi-annual payments - Par Value: $1,000 - Price:

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Suppose a firm has the following bond information: - Years to maturity: 30 - Coupon Rate: 3%, semi-annual payments - Par Value: $1,000 - Price: 80% of par value Calculate the yield-to-maturity (YTM) on the bond. (Enter percentages as decimals and round to 4 decimals)

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