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You buy a(n) 11.8% coupon, 13-year maturity bond for $634.55. A year later, the bond price is $1,286.37. a. What is the new yield to

You buy a(n) 11.8% coupon, 13-year maturity bond for $634.55. A year later, the bond price is $1,286.37.

a. What is the new yield to maturity on the bond?

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