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Yield to Maturity for annual Payments. Wilson Corporation's bonds have 1 2 years remaining to maturity. Interest is paid semi - annually, the bonds have

Yield to Maturity for annual Payments. Wilson Corporation's bonds have

12

years remaining to maturity. Interest is paid semi

-

annually, the bonds have a $

1, 000

par value, and the coupon interest rate is

10 % .

The bonds sell at a price of $

850 .

What is their yield to maturity?

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