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There is a bond that has a quoted price of 9 6 . 4 1 5 and a par value of $ 2 , 0

There is a bond that has a quoted price of

96.415

and a par value of $

2, 000 .

The coupon rate is

7.17

percent and the bond matures in

15

years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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