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A bond has a time - to - maturity of 8 years, a coupon rate of 5 % , is currently selling for $ 1

A bond has a time

-

-

maturity of

8

years, a coupon rate of

5 %,

is currently selling for $

1021.35 .

What is the bond's yield if it pays interest annually? Soni

-

anmualy?

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