What is yield to maturity for these bonds

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Reference no: EM131603445

Blue Crab,Inc. plans to issue new bonds but is uncertain how the market would set the yield to maturity. The bonds would be 11-year to maturity, carry a 12.41 percent annual coupon and have a $1,000 par value. Blue Crab Inc has determined that these bonds would sell for $1,357 each. What is the yield to maturity for these bonds?

Reference no: EM131603445

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