Question: Consider a coupon bond that has a par value of $900 and a coupon rate of 12%. The bond is currently selling for $964.20 and

Consider a coupon bond that has a par value of $900

Consider a coupon bond that has a par value of $900 and a coupon rate of 12%. The bond is currently selling for $964.20 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is %. (Round your response to one decimal place.)

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