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Springfield Nuclear Energy Inc. bonds are currently trading at $1,301.98. The bonds have a face value of $1,000, a coupon rate of 11% with coupons
Springfield Nuclear Energy Inc. bonds are currently trading at $1,301.98. The bonds have a face value of $1,000, a coupon rate of 11% with coupons paid annually, and they mature in 10 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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