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Fingen ' s 1 1 - year, $ 1 0 0 0 par value bonds pay 9 percent interest annually. The market price of the

Fingen's 11-year, $1000 par value bonds pay 9 percent interest annually. The market price of the bonds is $900 and the market's required yield to maturity on a comparable-risk bond is 12 percent. What is your yield to maturity on the Fingen bonds given the market price of the bonds?

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