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9. A General Co. bond has an 8 percent coupon and pays interest annually. The face value is 1,000 and the current market price is

9. A General Co. bond has an 8 percent coupon and pays interest annually. The face value is 1,000 and the current market price is $1,020.50. The bond matures in 20 years. What is the ield to maturity i.e. the market rate (use your calculator)

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