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(Yield to maturity)Hoyden Co.'s bonds mature in 14 years and pay 11 percent interest annually. If you purchase the bonds for $1,100, what is their
(Yield to maturity)Hoyden Co.'s bonds mature in
14
years and pay
11
percent interest annually. If you purchase the bonds for
$1,100,
what is their yield to maturity?
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