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The bonds issued by News Today bear an 10 percent coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face value.

The bonds issued by News Today bear an 10 percent coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face value. Currently, the bonds sell for $1000. What is the yield to maturity?

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