Question: A $1000 face value bond has two years left to maturity, 5.4% coupon rate with annual coupons, and is currently trading at $940. What is
A $1000 face value bond has two years left to maturity, 5.4% coupon rate with annual coupons, and is currently trading at $940. What is the YTM on this bond? Enter answer in percents, accurate to 2 decimal places.
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