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Winston Enterprises has a 12-year bond issue outstanding that pays an 8% coupon. The bond is currently priced at $1084.60 and has a par value

Winston Enterprises has a 12-year bond issue outstanding that pays an 8% coupon. The bond is currently priced at $1084.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?

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