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(Yield to maturity) You own a 17-year bond that pays 15 percent interest annually. The par value of the bond is $1,000 and the market

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(Yield to maturity) You own a 17-year bond that pays 15 percent interest annually. The par value of the bond is $1,000 and the market price of the bond is $775. What is the yield to maturity of the bond

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