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XYZ Co. has a bond outstanding that sells for 90 percent of its $100,000 par value. The bond has a coupon rate of 7 percent

XYZ Co. has a bond outstanding that sells for 90 percent of its $100,000 par value. The bond has a coupon rate of 7 percent paid semiannually and matures in 15 years. What is the yield to maturity of this bond?

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