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There is a General Motors bond that is valued at $1,897. The par value is $2,000. The coupon rate is 5% and paid semi-annually. There

There is a General Motors bond that is valued at $1,897. The par value is $2,000. The coupon rate is 5% and paid semi-annually. There are 7 years remaining until maturity. What is the yield to maturity on this bond?

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