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8. Jackson Corporations bonds have 12 years remaining o maturity. Interes tis paid annually the bonds have 1000 EUR par value, and the coupon interest

8. Jackson Corporations bonds have 12 years remaining o maturity. Interes tis paid annually the bonds have 1000 EUR par value, and the coupon interest rate is 10%. The bonds sell at a price of 875 EUR. What is their yield to maturity

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