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A frim issues a bond today with a $1,000 face value, and 8% coupon interest rate, and a 25-year maturity. An investor purchases the bond

A frim issues a bond today with a $1,000 face value, and 8% coupon interest rate, and a 25-year maturity. An investor purchases the bond for $1,000.

Question: Suppose the bond describes previously has a price of $1,100 five years after it is issued. What is the YTM at that time?

Please do not copy from Chegg. Otherwise i have to report the answer.

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