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Posted on Oct 03, 2024

You observe the following bond trading in the market for $ 1 0 , 5 4 0 : Face value of $ 1 0 ,

You observe the following bond trading in the market for $

10, 540

: Face value of $

10, 000, 4

years to maturity, and

7 %

coupon.

What is the yield to maturity? Please express your answer as a percentage without the

%

sign.

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