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Celtic Horse Inc has a bond issue with a coupon rate of 4.0 percent that matures in 8 years. The bonds have a par value

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Celtic Horse Inc has a bond issue with a coupon rate of 4.0 percent that matures in 8 years. The bonds have a par value of $1,000 and a market price of approximately $890.25 Interest is paid annually. What is the yield to maturity

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