Question: a bond with 20 years remaining until maturity is currently trading for $1,110 per $1000 of par value. the bond offers a 5% coupon rate

a bond with 20 years remaining until maturity is currently trading for $1,110 per $1000 of par value. the bond offers a 5% coupon rate with interest paid semiannually. What is the bond's annual yield-to maturity?

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