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WolfeIsland Corp. has a 2 0 - year bond issue outstanding that pays a 1 6 . 0 0 % coupon. The bond is currently

WolfeIsland Corp. has a

20 -

year bond issue outstanding that pays a

16.00 %

coupon. The bond is currently priced at $

660.00

and has a par value of $

1, 000 .

Interest is paid quarterly. What is the yield to maturity

?

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