uestion $3(1$ point$)$

The Plaid Egg Company just issued a $7-$year $5\%$ coupon bond. The face value of the bond is $$1,000$ and the bond makes annual coupon payments. If

the bond is trading at $$900,$ what is the bond's yield to maturity? Enter your answer as a percentage rounded to two places past the decimal point, NOT as a decimal rounded to $4$ decimal places. For example,

enter $8\mathrm{.}43$ instead of $0\mathrm{.}0843).$

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