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Otto Enterprises has a 30-year bond issue outstanding that pays a 10.00% coupon. The bond is currently priced at $860.00 and has a par value

Otto Enterprises has a 30-year bond issue outstanding that pays a 10.00% coupon. The bond is currently priced at $860.00 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity ?

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