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Julie Miller want to determine the YTM for another issue of outstanding bonds. The firm has an issue of 8% semiannual coupon bonds with 20

Julie Miller want to determine the YTM for another issue of outstanding bonds. The firm has an issue of 8% semiannual coupon bonds with 20 years left to maturity. The bonds have a current market value of $950.

What is the YTM?

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