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Turgutt Corp bond carries an 9 percent coupon, paid annually. The par value is $1,000, and the Turgutt bond matures in seven years. If the

Turgutt Corp bond carries an 9 percent coupon, paid annually. The par value is $1,000, and the Turgutt bond matures in seven years. If the bond currently sells for $1,300.10, what is the yield to maturity on the Turgutt bond?

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