Question: A bond has 20 years until maturity, pays a 9% annual coupon, has a par value of $1000, and is currently selling for $847.50. What

A bond has 20 years until maturity, pays a 9% annual coupon, has a par value of $1000, and is currently selling for $847.50. What is the Yield to Maturity on the bond? Answer in Percent form and round to 2 decimal places

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