Question: 3 . Consider a coupon bond paying a 7 % coupon rate annually, with a face value of $ 1 , 0 0 0 ,

3. Consider a coupon bond paying a 7% coupon rate annually, with a face value of $1,000, maturing in 20 years. The current market price of the bond is $1,072.93. What is the yield to maturity (YTM) of the bond?

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