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8 yield to maturity: Hoyden Co.'s bonds mature in 14 years and pay 8% interest annually. If you purchase the bonds for $1,175, what is
8 yield to maturity: Hoyden Co.'s bonds mature in 14 years and pay 8% interest annually. If you purchase the bonds for $1,175, what is their yield to maturity?
The yield to maturity on the Hoyden bonds is _____% ( round to two decimal places
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