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There is a bond that has a quoted price of 106.875 and a par value of $2,000. 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 $2,000. 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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