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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: 112% of par value Calculate the

Suppose a firm has the following bond information:

Years to maturity: 10

Coupon Rate: 5%,semi-annual payments

Par Value:$1,000

Price: 112% of par value

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

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