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The 8.25% semiannual coupon bonds of IPO, Inc., are selling for $1,280. The bonds have a face value of $1,000 and mature in 22.5 years.

The 8.25% semiannual coupon bonds of IPO, Inc., are selling for $1,280. The bonds have a face value of $1,000 and mature in 22.5 years. What is the yield to maturity? Answers with excel formulas will be appreciated

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