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The nominal value of a bond issued by a Company is equal to Rs 1 0 0 , the coupon rate of the bond is

The nominal value of a bond issued by a Company is equal to Rs

100,

the coupon rate of the bond is equal to

5 %

and the bond has a maturity of

3

years. If the current market price of the bond is equal to Rs

98,

calculate the yield to maturity of the bond?

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