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Polyscientific Corporation's bonds make an annual coupon payment of 8.5%. The bonds have a par value of $1,000, a current price of $1,255, and mature

Polyscientific Corporation's bonds make an annual coupon payment of 8.5%. The bonds have a par value of $1,000, a current price of $1,255, and mature in 15 years. What is the yield to maturity on these bonds

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