Question: ABC Corp. has a bond issue with a coupon rate of 5.6 percent that matures in 9.5 years. The bonds have a par value of

ABC Corp. has a bond issue with a coupon rate of 5.6 percent that matures in 9.5 years. The bonds have a par value of $1,000 and a market price of $988.50. Assume the interest rate compounds semiannually. What is the yield to maturity (YTM)?

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