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Five years ago your firm issued $1,000 par, 20 year bonds with an 8% coupon rate. Interest payments are made semiannually. The bonds are currently

Five years ago your firm issued $1,000 par, 20 year bonds with an 8% coupon rate. Interest payments are made semiannually. The bonds are currently priced at $980 and have 15 years until maturity. What is the yield to maturity of the bond

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