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Bavarian Sausage just issued a 10 year 12% coupon bond. The face value of the bond is $1,000 and the ond makes semiannual coupon payments.
Bavarian Sausage just issued a 10 year 12% coupon bond. The face value of the bond is $1,000 and the ond makes semiannual coupon payments. If the bond is trading at $1,267.25, what is the bonds yield to maturity?
12.00%
4.03%
8.06%
10.97%
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