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Tanjung Bhd has a bond issue outstanding at the end of 2012. The bond has 15 years remaining to maturity and carries a coupon interest

Tanjung Bhd has a bond issue outstanding at the end of 2012. The bond has 15 years remaining to maturity and carries a coupon interest of 8%. Interest on the bond is compounded on a semiannual basis. The par value of the Tanjung Bhd's bond is $1,000 and it is currently selling for $800. CALCULATE YTM

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