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Maroon Two Inc. would like to issue 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of

Maroon Two Inc. would like to issue 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of 10 years. Bonds in the market with similar maturity and risk-level are currently selling for $985. What will be the yield to maturity on Maroon Two bonds?

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