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What is the yield to maturity ( YTM ) on a simple loan for $ 1 , 0 0 0 that requires a repayment of

What is the yield to maturity

(

YTM

)

on a simple loan for $

1, 000

that requires a repayment of $

3, 000

in five years' time?

The yield to maturity is

% . (

Round your response to one decimal place.

)

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