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You buy a(n) 11.7% coupon, 19-year maturity bond for $699.94. A year later, the bond price is $1,289.78. a. What is the new yield to

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You buy a(n) 11.7% coupon, 19-year maturity bond for $699.94. A year later, the bond price is $1,289.78. a. What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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