Question: A bond with a $10,000 par value has an 6.35% coupon rate. It will mature in 9 years, and coupon payments are made semi-annually. The

A bond with a $10,000 par value has an 6.35% coupon rate. It will mature in 9 years, and coupon payments are made semi-annually. The bond is currently selling for 9,675.00. Calculate the bond's yield to maturity (its IRR).

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