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A Macrohard Corp. bond carries an 8 percent coupon, paid semiannually. The par value is $ 1 , 0 0 0 , and the bond

A Macrohard Corp. bond carries an

8

percent coupon, paid semiannually. The par value is

1, 000,

and the bond matures in six years. If the bond currently sells for $

911.37,

what is its

percentage yield to maturity?

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