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Problem:

Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850.

Question: What is their yield to maturity? Please provide all computation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145838

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