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Question 8 (10 points) A bond has a quoted price of $850 today. It has a face value of $1,000, coupon rate of 4%, and

Question 8 (10 points) A bond has a quoted price of $850 today. It has a face value of $1,000, coupon rate of 4%, and a time to maturity of 7 years. Coupons are paid very quarter. What is its yield to maturity

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