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A firm issues 8-year bonds at a coupon rate of 6.50% and a par value of $1,000. If the bonds currently sell for $1,050, what

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A firm issues 8-year bonds at a coupon rate of 6.50% and a par value of $1,000. If the bonds currently sell for $1,050, what is the yield to maturity? Assume semiannual compounding. Round to the nearest 0.01, in percentage terms

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