Question: Question 9 5 points Save Answer A bond has a $1,000 par value, 5 years to maturity, a 4% coupon rate, and currently sells for

Question 9 5 points Save Answer A bond has a $1,000

Question 9 5 points Save Answer A bond has a $1,000 par value, 5 years to maturity, a 4% coupon rate, and currently sells for $1,050. The bond pays coupons twice per year or semiannually. What is the bond's yield to maturity? Enter your answer as a percent rounded to 2 decimal places (e.g., 12.35). A Moving to another question will save this response. >>

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