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What is the Yield-to-Maturity (YTM) of a bond with a par value of $1000, a current price of $1125, a coupon rate of 7%, and
What is the Yield-to-Maturity (YTM) of a bond with a par value of $1000, a current price of $1125, a coupon rate of 7%, and has 11.5 years until maturity? Assume semi-annual coupon payments.
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