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7. Netflix Inc. has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $900.

7. Netflix Inc. has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $900. The bonds will mature in 10 years. What is the yield to maturity on the bonds? (YIELD TO MATURITY)

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