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You just bought a bond for $ 8 5 0 . 0 0 . The bond has a face value of $ 1 , 0

You just bought a bond for $

850.00 .

The bond has a face value of $

1, 000,

pays a

5 %

coupon and matures in

7

years. Compute the YTM

.

Please enter your answer as

% .

For example, if your answer is

2.34 %,

please enter

2.34 .

Round to two decimal places.

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