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ield to Maturity for Annual Payments Nilson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds ave a $1,000 par

image text in transcribed ield to Maturity for Annual Payments Nilson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds ave a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity? Round your answer to two decimal places. %

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