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Lauren Corp. currently has a $1,000 par value bond outstanding with 15 years to maturity and a 9.75% coupon rate (paid semiannually) outstanding. In the

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Lauren Corp. currently has a $1,000 par value bond outstanding with 15 years to maturity and a 9.75% coupon rate (paid semiannually) outstanding. In the market, this bond currently sells for $888.50. What is the bond's annual yield to maturity? YOU MUST SHOW ALL WORK (INCLUDING EXCEL FORMULAS AND/OR CALCULATOR KEYSTROKES AND VARIABLES USED). Ff A B 1 ili

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