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The Rite Company s bonds have 3 years remaining until maturity. Interest is paid annually, the bonds have a K 1 , 0 0 0

The Rite Companys bonds have 3 years remaining until maturity.
Interest is paid annually, the bonds have a K1,000 par value, and
the coupon interest rate is 10 percent. What is the yield to
maturity at a current market price of K1,052?

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