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The current price of bond X is $ 8 5 0 . Its par value is $ 1 , 0 0 0 . It has

The current price of bond X is

850 .

Its par value is

1, 000 .

It has a coupon rate of

5 %

and will mature in

10

years. Assume that coupons are paid annually. What is the yield to maturity of bond

?

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