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You buy a bond for $ 9 4 0 that has a coupon rate of 5 . 0 0 % and a maturity of 5

You buy a bond for $940 that has a coupon rate of 5.00% and a maturity of 5-years. A year later, the bond price is $1,040.(Assume a face value of $1,000 and annual coupon payments.)
a. What is the new yield to maturity on the bond?

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