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You are considering a bond that pays 10% annual coupon rate. The face value is $1,000 and the current market price is $987 . The

You are considering a bond that pays 10% annual coupon rate. The face value is $1,000 and the current market price is $987 . The bonds mature in 8 years. What is the yield to maturity? (Format answer to percent and rounded to two decimals, enter your answers without %, for example, for answer 0.1243, enter 12.43 only)

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