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QUESTION 15 A bond with a face value of $1,000 has 12 years until maturity,...

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QUESTION 15 A bond with a face value of $1,000 has 12 years until maturity, has a coupon rate of 6.4%, and sells for $1,097. What is the yield to maturity if interest is paid semiannually? (Do not round intermediate calculations. Enter your answer as a percent and rounded to 2 decimal places.)

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