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ABC Corporation's bonds set the coupon rate at 7.35%, coupons paid semi-annually. The bonds have a par value of $1,000, a current price of $1070,

ABC Corporation's bonds set the coupon rate at 7.35%, coupons paid semi-annually. The bonds have a par value of $1,000, a current price of $1070, and mature in 12 years. What is the yield to maturity on these bonds

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