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Tegridy Farms Inc. ' s semi - annual coupon bonds are currently trading for $ 1 0 6 . 5 4 . The bonds have

Tegridy Farms Inc.'s semi-annual coupon bonds are currently trading for $106.54. The bonds have a
face value of $100, a coupon rate of 2%, and they mature in 10 years. What is the yield to maturity of
the bonds? (Note: these solutions are semi-annual. Don't forget to annualize.)
Express your answer in percentage form rounded to one decimal place.
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