What is the nominal yield to maturity of the bond

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Question: Brown Enterprises' bonds currently sell for $1,025. They have a 9-year maturity, a coupon of $80 paid annually, and a par value of $1,000. What is the nominal yield to maturity of the bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131794663

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