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Automaton, Inc. recently issued a $20 million par bond, which pays an annual coupon of 10%. What is the bond's yield-to-maturity if it currently trades
Automaton, Inc. recently issued a $20 million par bond, which pays an annual coupon of 10%. What is the bond's yield-to-maturity if it currently trades at 92% of par value and matures in 10 years?
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