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Twenty years ago Alley Cat Enterprises, Inc. issues $1,000 bonds which will mature in 5 years. The bonds pay 9% interest semi-annually and currently are

Twenty years ago Alley Cat Enterprises, Inc. issues $1,000 bonds which will mature in 5 years. The bonds pay 9% interest semi-annually and currently are priced at 90. What yield to maturity is being required in the market?

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