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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 8 years ago. When the bonds were originally sold they had a

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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 8 years ago. When the bonds were originally sold they had a 22 -year maturity and a 12.84 percent coupon interest rate, paid anhually. The bond is currently selling for $877. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today

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