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Tokugawa leyasu Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $865.

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Tokugawa leyasu Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $865. The bonds will mature in 8 years. What is the yield to maturity on the bonds? Select one: a. 10.09% b. 8.00% c. 10.58% d. 11:21% e. 9.25%

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