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You buy a 2-year bond with a(n) 7% coupon paid annually and $1,000 face value. You pay $1,000. After one year, you receive the annual

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You buy a 2-year bond with a(n) 7% coupon paid annually and $1,000 face value. You pay $1,000. After one year, you receive the annual coupon, and you sell the bond at $970. What was the yield to maturity for the buyer of your bond? (i.e. the person who bought from you after one year.) Give your answer with ONE decimal and no % sign, i.e. 10% becomes 10.0 Your

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