Question: Crossfade Corporation has a bond with a par value of $2,000 that sells for $1,994.54. The bond has a coupon rate of 6.60 percent and

Crossfade Corporation has a bond with a par value of $2,000 that sells for $1,994.54. The bond has a coupon rate of 6.60 percent and matures in 16 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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