Question: Consider a 5 - year, $ 1 , 0 0 0 bond with a 4 . 5 % coupon. The coupon is paid semiannually. If

Consider a 5-year, $1,000 bond with a 4.5% coupon. The coupon is paid semiannually. If the bond is currently trading for a price o $980, what is t he bond's yield to maturity (YTM)? Note YM is the annual yield.

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