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Question #9: You are offered an investment in the following bond: Coupon rate is 8.0% Interest to be paid semi-annually Face value of the bond

Question #9: You are offered an investment in the following bond:

Coupon rate is 8.0%

Interest to be paid semi-annually

Face value of the bond is $1,000

The bond will mature in 22 years

The bond is currently selling for $864.28

Required: What is the Yield-To-Maturity on this bond?

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