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A corporate bond matures in 1 4 years. The bond has an 8 % coupon and a par value of $ 1 , 0 0

A corporate bond matures in

14

years. The bond has an

8 %

coupon and a par value of $

1, 000 .

The price of the bond today is $

1, 075 .

What are the bonds yield to maturity?

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