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8 years ago, Murky Corporation issued bonds with original maturity of 18 years. When issued, the coupon rate of these bonds was set at 8%.

8 years ago, Murky Corporation issued bonds with original maturity of 18 years. When issued, the coupon rate of these bonds was set at 8%. These bonds currently have a price of 110 and you believe comparable bonds are earning around 9% currently. If you purchase the bonds at their current market price, what YTM will you earn?

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