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Thatcher Corporation's bonds will mature in 8 years. The bonds have a face value of $1,000 and an 6% coupon rate, paid semiannually . The

Thatcher Corporation's bonds will mature in 8 years. The bonds have a face value of $1,000 and an 6% coupon rate, paid semiannually. The price of the bonds is $1,050. What is the yield to maturity (YTM)?

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