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Alligators R Us is contemplating expansion through the issuance of debt/bonds. Your broker calls you and suggests that you buy 10 bondsprice $1,150 for each
Alligators R Us is contemplating expansion through the issuance of debt/bonds. Your broker calls you and suggests that you buy 10 bondsprice $1,150 for each bond, 11 percent coupon rate, $1,000 par value, interest paid annually. The bonds mature in 12 years. Calculate the Yield-to-Maturity.
**Please demonstrate how to calculate this Microsoft Excel**
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