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Suppose you just bought a bond for $965 that matures in three years, pays semiannual coupon payments at 4.2%, and has a face value of
Suppose you just bought a bond for $965 that matures in three years, pays semiannual coupon payments at 4.2%, and has a face value of $1,000. This means that twice per year, your bond will pay out 4.2%/2 of $1,000, which is $21 every six months. Using the same given above and by also using the given link for the bond yield calculator, what is the exact YTM
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