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A company is considering a bond that has an 8% semi-annual coupon and a $1,000 face value. The bond is scheduled to mature in 9

A company is considering a bond that has an 8% semi-annual coupon and a $1,000 face value. The bond is scheduled to mature in 9 years and has a price of $1,150. It is also callable in 5 years at a call price of $1,040. Calculate for the bond's nominal yield-to-maturity.

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