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You buy a(n) 15.4% coupon, 11-year maturity bond for $1,538.03. A year later, the bond price is $1,862.49 a. What is the new yleld to

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You buy a(n) 15.4% coupon, 11-year maturity bond for $1,538.03. A year later, the bond price is $1,862.49 a. What is the new yleld to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity

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