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Marcia just bought a bond and wants to know the bond's yield to maturity. She paid $920.00 for the bond The bond will mature in

Marcia just bought a bond and wants to know the bond's yield to maturity.

She paid $920.00 for the bond

The bond will mature in 12 years

She will receive an annual coupon payment of $120/year until maturity

When the bond matures she will receive $1,200

What is this bond's yield to maturity?

Enter your answer to two decimal places. Do not include the % symbol. Example: if your answer is 10.22% enter 10.22

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