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# Consider the following bond: a semi-annual coupon bond maturing in 6 years, with an annual coupon rate of 3% and a face value of $1000. Its price is...

Consider the following bond: a semi-annual coupon bond maturing in 6 years, with an annual coupon rate of 3% and a face value of $1000. Its price is $972.85. What is the bond's annual yield to maturity