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Finance 201 Approximate yield to maturity (LO3) Bonds issued by the Tyler Food Corporation have a par value of $1,000, are selling for $1, 080,

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Approximate yield to maturity (LO3) Bonds issued by the Tyler Food Corporation have a par value of $1,000, are selling for $1, 080, and have 20 years remaining to maturity. The annual interest payment is 12.5 percent ($125). Compute the approximate yield to maturity, using Formula above

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