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XYZ, Inc. has some bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 8 percent coupon. The current price of

XYZ, Inc. has some bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 8 percent coupon. The current price of the bond is $1050. What is the yield to maturity?

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