What is the yield-to-maturity of the bond

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A 4.5%, 10-year bond with semi-annual coupon payments and a face value of $1,000 has a market price of $1,067.15. - next coupon payment is three months away.

-What is the yield-to-maturity of the bond?

-What is the effective annual rate implied by this price?

Reference no: EM131603472

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