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A year ago, Lis company was to issue a bond ($1000 par value) with 10 years to maturity. The Lis bond has an annual coupon

A year ago, Lis company was to issue a bond ($1000 par value) with 10 years to maturity. The Lis bond has an annual coupon of $80 and is now selling at $884.82. Calculate the required return on this bond.

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