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Badger Corp. has issued 8% annual coupon bonds with 20 years of maturity. The bonds have a par value of $1,000, and their current market

Badger Corp. has issued 8% annual coupon bonds with 20 years of maturity. The bonds have a par value of $1,000, and their current market price is $1,100. What is the YTM on Badger Corp.s bonds?

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