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You own a bond that pays $54 in interest annually. The face value is $1,000 and the current market price is $1,015.55. The bond matures
You own a bond that pays $54 in interest annually. The face value is $1,000 and the current market price is $1,015.55. The bond matures in 15 years. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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