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You just purchase a bond that matures in 5 years. The bond has a face value of $1,000 and has an 8% coupon rate, puid

You just purchase a bond that matures in 5 years. The bond has a face value of $1,000 and has an 8% coupon rate, puid annually. The band has a current yield of 8.5%. What is the bond's yield to maturity? (round your answer to 4 decimal points)

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