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Sarah Allen is looking to invest in a three-year bond that makes semi-annual coupon payments at...

Sarah Allen is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.275 percent. If these bonds have a market price of $982.49, what yield to maturity can she expect to earn? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 15.25%.)

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A 1 Par Value 2 Coupon Rate 3 Years to Maturity 4. Current Price 5 Frequency 6 7 YTM 8 $1,000 5% 3 $982 2 semi-annual 5.92%1000 0.05275 1 Par Value 2 Coupon Rate 3 Years to Maturity 4 Current Price 5 Frequency 6 7 YTM 982.49 semi-annual =B5*RATE(B3

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