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CSM Corporation has a bond issue outstanding at the end of 2006. The bond has 10 years remaining to maturity and carries a coupon interest

CSM Corporation has a bond issue outstanding at the end of 2006. The bond has 10 years remaining to maturity and carries a coupon interest rate of 10%. Interest on the bond is compounded on a semiannual basis. The par value of the CSM bond is $1,000 and it is currently selling for $885.3. Find the Yield to Maturity?

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