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You buy a(n) 12.3% coupon, 7-year maturity bond for $857.81. A year later, the bond price is $1,275.08. a. What is the new yield to

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You buy a(n) 12.3% coupon, 7-year maturity bond for $857.81. A year later, the bond price is $1,275.08. a. What is the new yield to maturity on the bond? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity %

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