AlBazar Industries has issued a bond which has a 15 percent annual coupon interest rate. The bond will mature in ten yea

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AlBazar Industries has issued a bond which has a 15 percent annual coupon interest rate. The bond will mature in ten yea

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AlBazar Industries has issued a bond which has a 15 percent annual coupon interest rate. The bond will mature in ten years and currently sells for $1,250. Using this information, the yield to maturity on the Bazar Industries bond is ________.
12.19 percent
11.39 percent
10.79 percent
13.29 percent
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