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NFC Colleges issued bonds 5 years ago that now have 15years left to maturity. When they were issued, the coupon rate of these bonds was

NFC Colleges issued bonds 5 years ago that now have 15years left to maturity. When they were issued, the coupon rate of these bonds was set at 9%. You are now considering purchasing these bonds at their listed price of 95.You believe bonds of similar risk are returning 8% but are unsure of this. If you buy the bonds at their current market price, what YTM will you earn?

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