Wilson wonderss bonds have 12 years remaining to maturity, Financial Management

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Wilson wonderss bonds have 12 years remaining to maturity

Yield to Maturity for Annual Payments

Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity? Round your answer to two decimal places.

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Financial Management: Wilson wonderss bonds have 12 years remaining to maturity

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