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Consider a coupon bond that has a par value of $900 and a coupon rate of 8%. The bond is currently selling for $924.58 and

Consider a coupon bond that has a par value of

$900

and a coupon rate of

8%.

The bond is currently selling for

$924.58

and has

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

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