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What is the yield to maturity of a 16-year bond that pays a coupon rate of 11.93 percent per year, has a $1,000 par value, and is currently priced at $894? Assume annual coupon payments. round answers two decimal places in percentage

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What is the yield to maturity of a 16-year bond that pays a coupon

rate of 11.93 percent per year, has a $1,000 par value, and is currently priced at $894? Assume annual coupon payments. round answers two decimal places in percentage

 
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