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Ret Bonds issued by the Tyler Food chain have a par value of $1,000, are selling for $1,530, and have 20 years remaining to maturity

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Ret Bonds issued by the Tyler Food chain have a par value of $1,000, are selling for $1,530, and have 20 years remaining to maturity Annual interest payment is 18.5 percent ($185), paid semiannually. Compute the approximate yield to maturity. (Round the final answer to 2 decimal places.) Approximate yield to maturity 11.62 %

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