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Q# 5 . A coupon - paying bond has a current price of $ 9 3 5 . Its face value is $ 1 ,

Q#5. A coupon-paying bond has a current price of $935. Its face value is $1,000. Its $80 coupon is paid just once per year (at the end of each year). There are 8 years left until maturity. What is the bond's yield to maturity (YTM, r)?(Nearest tenth of a percent)

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