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There is a bond that has a quoted price of 106.875 and a par value of 2000. The coupon rate is 6.93 percent and the

There is a bond that has a quoted price of 106.875 and a par value of 2000. The coupon rate is 6.93 percent and the bond matures in 23 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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