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IBM's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is

  1. IBM's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 7.35%. The bonds sell at a price of $875. What is their yield to maturity?

please show work and instruct on how to do on excel thank you

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