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Hooper Printing inc, has bonds outstanding with 9 years left to moturify. The bonds have an 8% annual coupon rate and were issutd 1 year

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Hooper Printing inc, has bonds outstanding with 9 years left to moturify. The bonds have an 8\% annual coupon rate and were issutd 1 year ago at their par value of $1,000. Howevec due to changes in interest rates, the bond's market price has falien to $908.30. The capical gains yieid last year was =9.17%. 3. What is the vild to maturity? Round your answer to two decimal places. \%

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