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ABC Corporation has issued 8% semi-annual coupon bonds, maturing in 10 years. These bonds currently sell for 105 percent of par value. What is the

ABC Corporation has issued 8% semi-annual coupon bonds, maturing in 10 years. These bonds currently sell for 105 percent of par value. What is the yield-to-maturity (ytm)? Round to two decimal places and do not include any symbols (i.e. $,%, etc.)

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