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A bond with a par value of $1,000.00 and a coupon rate of 8.25% (semiannual coupon) has a current market value of $995.00. What is

A bond with a par value of $1,000.00 and a coupon rate of 8.25% (semiannual coupon) has a current market value of $995.00. What is its nominal yield to maturity? The bond has 5 years to maturity.

9.02%
7.56%
8.86%
7.96%
8.37%

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