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(Yield to maturity) A(n) 11-year bond for Rusk Corporation has a market price of $ 700 and a par value of $ 1 comma 000.

(Yield to maturity) A(n) 11-year bond for Rusk Corporation has a market price of $ 700 and a par value of $ 1 comma 000. If the bond has an annual interest rate of 5 percent, but pays interest semiannually, what is the bond's yield to maturity?

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