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Nico Corp issued bonds bearing a coupon rate of 12percent, pay couponssemiannually, have 3 years remaining tomaturity, and are currently priced at$940 per bond. What

Nico Corp issued bonds bearing a coupon rate of 12percent, pay couponssemiannually, have 3 years remaining tomaturity, and are currently priced at$940 per bond. What is the yield tomaturity?

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