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Vino de Luche has outstanding bonds that currently sell for $950, have a par value of $1,000, and have 15 years left to maturity. If

Vino de Luche has outstanding bonds that currently sell for $950, have a par value of $1,000, and have 15 years left to maturity. If the bonds carry an coupon rate of 12%, what annual yield to maturity do the bonds promise, given the following added conditions?

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