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Good Return Inc. issued twenty-year bonds with a coupon rate of 15%, interest payable semi-annually. With ten years remaining to maturity, the current price of

Good Return Inc. issued twenty-year bonds with a coupon rate of 15%, interest payable semi-annually. With ten years remaining to maturity, the current price of the bonds is $1,390.24. Calculate the yield to maturity. (2 Marks Total)

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