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What is the bond yield to maturity for bavarian sausage

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Problem 1: Bavarian Sausage just issued a 10 year 12% coupon bond. The face value of the bond is $1,000 and the ond makes semiannual coupon payments. If the bond is trading at $1,267.25, what is the bond's yield to maturity?

Reference no: EM132645186

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