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Amana, issued a 12 percent coupon bond with 10 years to maturity. What is the yield to maturity of this bond if it is sold
Amana, issued a 12 percent coupon bond with 10 years to maturity. What is the yield to maturity of this bond if it is sold at 97.25% of par? (This problem should be done using the formula)
(Please show the formula you are using. Thank you!)
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