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The SPH Company has a bond outstanding with a face value of $1,000 that reaches maturity in 16 years. The bond certificate indicates that the

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The SPH Company has a bond outstanding with a face value of $1,000 that reaches maturity in 16 years. The bond certificate indicates that the stated coupon rate for this bond is 8.20% and that the coupon payments are to be made semiannually. Assuming that this bond currently trades for $908, what is the Yield-to-Maturity (YTM) for this bond? 8.80% 9.32% 4.66% 9.89% 7.97%

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