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Suppose a bond with an 8.5% coupon rate and semiannual coupons, has a face value of $1,000, 10 years to maturity, and is selling for

Suppose a bond with an 8.5% coupon rate and semiannual coupons, has a face value of $1,000, 10 years to maturity, and is selling for $1,685.82.

What is the yield to maturity?

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