How do calculate the yield to maturity

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Reference no: EM132598474

FV = $100

Price = $106.68

Coupon Rate = 5.5%

Term = 5 years

Question 1: Given the information above calculate the yield to maturity (YTM). Calculate as a percentage correct to two decimal places. Do not enter the percentage (%) sign.

Reference no: EM132598474

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