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  3. a bond has an annual coupon rate of 4.2%, a face v

A bond has an annual coupon rate of 4.2%, a face value of $1,000, a...

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Finance

A bond has an annual coupon rate of 4.2%, a face value of $1,000, a price of $938.23, and matures in 10 years.

What is the bond's YTM? (3+ decimals)

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