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How do evaluate what is the bond yield to maturity

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Reference no: EM132706923

Problem 1: Wilson Wonders's bonds have 15 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%. The bonds sell at a price of $1,100. What is their yield to maturity? Round your answer to two decimal places.

Reference no: EM132706923

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