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Suppose a firm has the following bond information: Years to maturity: 10 Coupon Rate: 5%, semi-annual payments Par Value: $1,000 Price: 110% of par value

Suppose a firm has the following bond information:

Years to maturity: 10

Coupon Rate: 5%, semi-annual payments

Par Value: $1,000

Price: 110% of par value

Calculate the yield-to-maturity (YTM) on the bond. (Enter percentages as decimals and round to 4 decimals).

In my answer I got 3.7893... is that correct?

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