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A bond that matures in 8 years has a 10% coupon rate, annual payments, a face value of $1,000, and price of $1,176.47. What is

A bond that matures in 8 years has a 10% coupon rate, annual payments, a face value of $1,000, and price of $1,176.47. What is the bonds nominal yield to maturity (YTM)?

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