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Baruch Inc. issued a semi-annual coupon bond that has a face value of 1,000 dollars....

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Finance

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Baruch Inc. issued a semi-annual coupon bond that has a face value of 1,000 dollars. It's coupon rate is 5 percent with a maturity of 5 years It's present value is 1.200. What is the yield to maturity of this bond? Provide the answer in APR (annual percentage rate). The unit is in percentage

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