Question: A $1,000 face value bond has a 5% coupon rate and matures after eight years. The bond is currently selling for $850. What is

A $1,000 face value bond has a 5% coupon rate and matures

A $1,000 face value bond has a 5% coupon rate and matures after eight years. The bond is currently selling for $850. What is the yield to maturity on this bond? I

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