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The Blue Raider Company has a bond with a par value of $1,000 that sells for $1,196,36. The bond has a coupon rate of 10

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The Blue Raider Company has a bond with a par value of $1,000 that sells for $1,196,36. The bond has a coupon rate of 10 percent and matures in 20 years. If the bond makes annual coupon payments, what is the YTM of the bond? Round to one place past the decimal point. Numeric Response

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