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A few years ago Spider Web Inc issued bonds with a 9.71% annual coupon rate paid semiannually. The bonds have a par value of $1000

A few years ago Spider Web Inc issued bonds with a 9.71% annual coupon rate paid semiannually. The bonds have a par value of $1000 a current price of $905 and will mature in 13 years. What would the annual yield to maturity be on the bond if you purchased the bond today?

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