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The bonds issued by Jensen & Son bear a 6% coupon, payable semiannually. The bond matures in 8 years and has a $1000 face value.

The bonds issued by Jensen & Son bear a 6% coupon, payable semiannually. The bond matures in 8 years and has a $1000 face value. Currently the bond sells at par. What is the yield to maturity? Provide justification.

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