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You just purchased a $1,100 par value, 8-year, 8 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $920.

You just purchased a $1,100 par value, 8-year, 8 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $920. What is the bonds nominal yield to maturity?

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