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You are considering investing in a bond that will pay a fixed annual coupon rate of 5% per year for 10 years, and has a

You are considering investing in a bond that will pay a fixed annual coupon rate of 5% per year for 10 years, and has a face value of $1,000. If the bond is currently trading at a price of $950, what is the yield to maturity (YTM) of the bond? Assume semi-annual coupon payments and a semi-annual compounding frequency.

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