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Toyota has a bond with 4.3 years remaining maturity. The bond pays semi-annual coupon payments, with the next coupon payment occurring in 0.3 years. The

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Toyota has a bond with 4.3 years remaining maturity. The bond pays semi-annual coupon payments, with the next coupon payment occurring in 0.3 years. The coupon rate is 4%. The face value is $1,000. The price of the bond today is $960. What is the yield to maturity (expressed as an annual percentage rate)?[10.66]

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