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You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with a coupon rate of 7%.

You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $913. 


What is the YTM of the bond?

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