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A corporation issues a bond today with a $1.000 face value, maturity in 25 years, and an 8% coupon Interest rate; Interest is paid annually.

A corporation issues a bond today with a $1.000 face value, maturity in 25 years, and an 8% coupon Interest rate; Interest is paid annually. An investor purchases the bond for $1,000. What is the yield to maturity

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