Question: Suppose a 1 0 - year, $ 1 0 0 0 bond with a coupon rate of 1 0 % and semiannual coupons is trading

Suppose a 10-year, $1000 bond with a coupon rate of 10% and semiannual coupons is trading for a price of $1086.76. what is the bond's yield to maturity (expressed as an APR with semiannual compounding)?

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