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8% coupon, 10-year bonds are selling at a YTM of 9%. At the same time, two 10-year, 4% coupon bonds can be purchased for $1252.27.

8% coupon, 10-year bonds are selling at a YTM of 9%. At the same time, two 10-year, 4% coupon bonds can be purchased for $1252.27. What is the YTM on a 10-year zero coupon bond?

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