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A $1,000 par value bond with a 8% coupon rate is currently selling for 110. This bond has 20 years remaining before it matures. If

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A $1,000 par value bond with a 8% coupon rate is currently selling for 110. This bond has 20 years remaining before it matures. If you purchase this bond today and hold it to maturity, what YTM will you earn? Be careful with the price of the bond. Make sure to include 2 decimals. Do not include the % sign

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