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What is the effective yield to maturity of a $ 1 , 0 0 0 par value strip bond that sells for $ 4 0

What is the effective yield to maturity of a $1,000 par value strip bond that sells for $403 and will mature in 10 years? (Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places.)Effective yield to maturity

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