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1.Zang international Chinese chemical company has a 15% annual coupon interest rate on a $1,000 par value bond with 20 years left to maturity.Bonds of

1.Zang international Chinese chemical company has a 15% annual coupon interest rate on a $1,000 par value bond with 20 years left to maturity.Bonds of same maturity now sell to yield 11% return. If the bond is selling for $ 1,141 what is the yield to maturity?

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