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A home health care company has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10 percent with interest paid

A home health care company has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10 percent with interest paid annually, and a par value of $1,000. The current market price of the bond is $1,251.22.

What is the bonds yield to maturity?

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