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Tom purchases a 10-year bond today for $1050 with $60 annual coupon and $1000 par value. If he plans to hold the bond for the

Tom purchases a 10-year bond today for $1050 with $60 annual coupon and $1000 par value. If he plans to hold the bond for the next two years and then sells the bond at the expected interest rate of 2%.

What is Tom's expected yield over the next two years?

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