Question: [Quantitative] You are figuring the yield on a bond. You see that the bond is currently trading for $1,057. It has a 5% coupon

[Quantitative] You are figuring the yield on a bond. You see that

[Quantitative] You are figuring the yield on a bond. You see that the bond is currently trading for $1,057. It has a 5% coupon rate and makes semi-annual coupon payments. The bond currently has 11 years until maturity. What is the yield to maturity on this bond?

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