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2) Best Western has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 9 years, and have a 4.0 percent coupon rate.

2) Best Western has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 9 years, and have a 4.0 percent coupon rate. The current price is quoted at $1028.00. What is the yield to maturity for these bonds?

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