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A bond has maturity date of 8 years. You buy this bond from its original owner...

A bond has maturity date of 8 years. You buy this bond from its original owner 2 years after it is issued for $750. The bond pays you 60 dollars in the end of each year, for 6 years and 1000 dollars in the end of the sixth year. Calculate the rate of return (or "yield to maturity") on this bond.

Please note that you should enter your answer as a whole number to two decimal places without a percentage sign. For example, if you found that the rate of return was 15%, you would enter 15.00, not 0.15.

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