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Exprim Inc. has issued an 8% coupon bond that has 14 years remaining to maturity. The bond makes semiannual payments and has a face value

Exprim Inc. has issued an 8% coupon bond that has 14 years remaining to maturity. The bond makes semiannual payments and has a face value of $1,000. If the current price for these bonds is $1,188.74, what is the annualized yield to maturity

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