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A corporation has an putstanding bond with the following characteristics: coupon interest rate 6.0%; Interest payments - Semiannually; Face Value $1000; years to maturity 8;

A corporation has an putstanding bond with the following characteristics: coupon interest rate 6.0%; Interest payments - Semiannually; Face Value $1000; years to maturity 8; Current market calue $902.81. what is tge Yield to Maturity for this bond?

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