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Eleven years ago Bobs Burgers issued $1,000 par bonds with 15 years to maturity and a 4% semi-annual coupon at par. Today the bonds sell

Eleven years ago Bobs Burgers issued $1,000 par bonds with 15 years to maturity and a 4% semi-annual coupon at par. Today the bonds sell for $1,080. What was the yield to maturity of the bonds when they were issued?

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