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Wicked Good Slippers Corporation has bonds outstanding that currently sell for $1175. They mature in 10 years, have a par value of $1,100, monthly coupon

Wicked Good Slippers Corporation has bonds outstanding that currently sell for $1175. They mature in 10 years, have a par value of $1,100, monthly coupon payments, and an annual coupon rate of 9%. Find the annual yield to maturity.

0.45%

8.01%

9.05%

8.25%

0.67%

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