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You just purchased an investment at a price of $1250. You will receive $1900 at the end of 8 years. If the interest rate is
You just purchased an investment at a price of $1250. You will receive $1900 at the end of 8 years. If the interest rate is compounded semi-annually, what is your yield to maturity? Do not write any symbol (%, $, #, &,...). Express your answers as a percentage. Round your answer to the nearest one-hundredth percentage point. For example, write 12.56 for 12.56%.
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