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A bond has a $1,000 par value, 12 years to maturity, and a 9% aenual coupan and sels for $1,110. a. What is is vield

A bond has a $1,000 par value, 12 years to maturity, and a 9% aenual coupan and sels for $1,110. a. What is is vield to maturity (rTM)? Round yeur antwer to two declmat places

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