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Sove & Exit Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal

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Sove & Exit Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of course is also the amount of principal to be paid at maturity. The bonds are currently selling for $920. They have 10 years remaining to maturity The annual interest payment is 12 percent ($120) Compute the yield to maturity. (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decima! places.)

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