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Browns Dairy just issued a 10-year 12% coupon bond. The face value of the bond is $1000 and the bond makes semiannual coupon payments. If

Browns Dairy just issued a 10-year 12% coupon bond. The face value of the bond is $1000 and the bond makes semiannual coupon payments. If the bond is currently trading at 126.725 percent of face value, what is the bonds yield to maturity? A) 8.06% B) 12.00% C) 14.38% D) 4.03%

can you please not use excel when you are writing down the steps? Its confusing to me.

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