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Tesla has bonds outstanding which are priced at $ 9 4 2 . 3 5 . These bonds carry a coupon rate of 5 .

Tesla has bonds outstanding which are priced at $942.35. These bonds carry a coupon rate of 5.2%, make
semiannual payments, and mature in 8 years. Assuming the par value is $1,000, what is the annual yield to
maturity (YTM) on these bonds?

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