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The Lightning Bolt Company just issued a 8-year 8% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon
The Lightning Bolt Company just issued a 8-year 8% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon payments. If the bond is trading at $900, what is the bond's yield to maturity?(Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%).
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