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Dixie Inc. sells 10-year bonds for $973.55. The bonds have a face value of $1,000 and a coupon rate of 8%. Interest is paid semiannually.

Dixie Inc. sells 10-year bonds for $973.55. The bonds have a face value of $1,000 and a coupon rate of 8%. Interest is paid semiannually. The bond's yield to maturity is _____.

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