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A 10-year, 8% bond pays semi-annual coupon payments. If the face value is $1,000 but...

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A 10-year, 8% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $940, what is the annualized yield on the bond? 11.0% 14.0% 5.9% 17.3% 8.9%

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