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naima is planning to buy a five-year bond that pays a coupon of 8 per cent annually with a face value of $1,000. Given the

naima is planning to buy a five-year bond that pays a coupon of 8 per cent annually with a face value of $1,000. Given the current price of $955.50, what is the annual yield that Ariel would earn by buying it at this price and holding it to maturity?

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