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Consider a coupon bond that has a par value of $800 and a coupon rate of 10%. The bond is currently selling for $866.47 and

Consider a coupon bond that has a par value of

$800

and a coupon rate of

10%.

The bond is currently selling for

$866.47

and has

years to maturity. What is thebond's yield to maturity (YTM)?

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