Question: Johnny is interested in purchasing a 5 year bond with semi-annual coupons at a coupon rate of 3.3%. If the bond is currently selling for

Johnny is interested in purchasing a 5 year bond with semi-annual coupons at a coupon rate of 3.3%. If the bond is currently selling for $855.3, and the par value is $1,000, what is the yield to maturity on the bond?

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