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2: Bay Path has one outstanding bond issue with a coupon of 8% that will mature in five years. The bonds now sell for $1,141.69.

2: Bay Path has one outstanding bond issue with a coupon of 8% that will mature in five years. The bonds now sell for $1,141.69. What is the yield to maturity on these bonds? You may want to use a calculator ir spreadsheet in determining your

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