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Problem 10-18 (calculator version) Douglas bonds mature in 10 years and have an annual coupon rate of 10.5 percent with semiannual payments. The $1.000 par

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Problem 10-18 (calculator version) Douglas bonds mature in 10 years and have an annual coupon rate of 10.5 percent with semiannual payments. The $1.000 par value bond currently trades at $1,105 in the market Compute the annual yield to maturity on the Douglas bond. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Yield to maturity

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