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Billy Goat is interested in a 10 year bond issued by Builtrite that pays an annual coupon rate of 10 percent. The current price of

Billy Goat is interested in a 10 year bond issued by Builtrite that pays an annual coupon rate of 10 percent. The current price of this bond is $1,175. If Billy buys thia bond, what would be his yield to maturity?

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