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The market price of a semi-annual pay bond is $989.66. It has 10.00 years to maturity and a coupon rate of 8.00%. Par value is

The market price of a semi-annual pay bond is $989.66. It has 10.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity?

Answer format: Percentage Round to: 5 decimal places (Example: 9.24341%, % sign required. Will accept decimal format rounded to 7 decimal places (ex: 0.0924341))

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