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PakPins Berhad has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $865. The

PakPins Berhad has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $865. The bonds will mature in 11 years. What is the yield to maturity on the bonds?

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