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Springfield Nuclear Energy Inc bonds are currently trading at $1,042.56. The bonds have a face value of $1,000, a coupon rate of 10.5% with coupons
Springfield Nuclear Energy Inc bonds are currently trading at $1,042.56. The bonds have a face value of $1,000, a coupon rate of 10.5% with coupons paid annually, and they mature in 20 years. What is the yield to maturity of the bonds? The yield to maturity of the bonds is (Round to two decimal places.)
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