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A bond that matures in 6 years sells for $950. The bond has a face value...

A bond that matures in 6 years sells for $950. The bond has a face value of $1,000 and a 5.5% annual coupon. What is the bond’s yield to maturity, YTM?
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Bond's yield to maturity (TYM) = 6.50 % ( ROUNDED OFF TO 2 DECIMALS)

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