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Business, 13.11.2019 06:31 pedro48

Pelzer printing inc. has bonds outstanding with 9 years left to maturity. the bonds have a 8% annual coupon rate and were issued 1 year ago at their par value of $1,000. however, due to changes in interest rates, the bond's market price has fallen to $910.40. the capital gains yield last year was -8.96%.what is the yield to maturity? do not round intermediate calculations. round your answer to two decimal places.

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