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11. P&G Corporations bond carries a 8.75 percent coupon, pays interest annually, and has 17 years to maturity. What is the bond's yield to maturity

11. P&G Corporations bond carries a 8.75 percent coupon, pays interest annually, and has 17 years to maturity. What is the bond's yield to maturity to the investor if the investor purchases the bond at the price $1062.50?

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