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You are the owner of a bond with five years left to maturity, a $1,000 face value, and a 5% coupon (paid annually). Its auditors

You are the owner of a bond with five years left to maturity, a $1,000 face value, and a 5% coupon (paid annually). Its auditors have determined that the company which issued the bond has going concern issues. As a result, the price of the bond has declined to 75% of face value. What is the yield to maturity on the bond?

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