Question: HQ , Inc. has a bond issue with a $ 1 0 0 0 par value, an 8 % coupon rate ( annual payments )

HQ, Inc. has a bond issue with a $1000 par value, an
8% coupon rate (annual payments), and 12 years
remaining to maturity. If the bonds are currently selling
for $1,122, what is the YTM?

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