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What is the yield to maturity of a 8-year bond that pays a coupon rate of 16.88% per year,

What is the yield to maturity of a 8-year bond that pays a coupon
rate of 16.88% per year, has a $1000 par value, and is currently priced at $1250? Assume annual coupon payments
Round the answers to two decimal places in percentage form.

 
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