On october 25 of last year the market price of braves, Financial Management

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On october 25 of last year the market price of braves

On October 25 of last year the market price of Braves Corporation's 10 percent coupon, 11 years to maturity bonds was $1,213.17. A 10 percent coupon interest rate is paid semiannually, and the par value is equal to $1,000. What was the Yield To Maturity (stated on an annual, basis) if the bonds mature 11 years from that date?

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Financial Management: On october 25 of last year the market price of braves

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