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2. Goble Builders has a $1,000 par value bond outstanding with 20 years to maturity. The bond has a coupon rate of 8% and is

2. Goble Builders has a $1,000 par value bond outstanding with 20 years to maturity. The bond has a coupon rate of 8% and is currently selling for $950. What is the yield to maturity? (Before-tax figures are fine).

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