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The U.S. Treasury has just issued a five-year, $1000 (face value) bond with a coupon rate of 5% and paying semi-annual coupons. The bond is

The U.S. Treasury has just issued a five-year, $1000 (face value) bond with a coupon rate of 5% and paying semi-annual coupons. The bond is currently trading at 957.35. Calculate the YTM on the bond. NOTE: This is a coupon bond.

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