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Your company has just issued, at par, new $1,000 bonds with a maturity of 5 years and a semi-annual coupon of $56 per bond.What is

Your company has just issued, at par, new $1,000 bonds with a maturity of 5 years and a semi-annual coupon of $56 per bond.What is the yield to maturity (YTM), expressed as an EAR, on the bonds?

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