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Consider a coupon bond that has a par value of $ 1 , 2 0 0 and a coupon rate of 8 % . The

Consider a coupon bond that has a par value of $1,200 and a coupon rate of 8%. The bond
is currently selling for $1,266.94 and has 2 years to maturity. What is the bond's yield to
maturity (YTM)?
The yield to maturity is
%.(Round your response to one decimal place.)
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