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ABC, Inc. has a bond outstanding with eight years remaining to matu- rity and a coupon rate of 8% paid semiannually. If the current market

ABC, Inc. has a bond outstanding with eight years remaining to matu- rity and a coupon rate of 8% paid semiannually. If the current market quote is 88, what is the yield to maturity (YTM) on the ABC bonds? Show Formulas in Excel

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