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You buy a(n) 10% coupon, 5-year maturity bond for $832.39. A year later, the bond price is $741.13. a. What is the new yield to

You buy a(n) 10% coupon, 5-year maturity bond for $832.39. A year later, the bond price is $741.13. a. What is the new yield to maturity on the bond? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

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