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You are investing in a company's bonds that pay coupons semiannually at an annual coupon rate of 8%. The bonds have a par value of $1,000 and mature in 10 years. If the current price of the bond is $882, what is the percentage (%) yield to maturity on these bonds? Note: Write your answer in % terms with 2 or more decimal places. For example, write 2.54 (%) insteâd of 0.0254 .
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