Question: Hoste Corp. issued a $1,000 face value 20-year bond 7 years ago with a 12% coupon rate. The bond is currently selling for $1,143.75. What

Hoste Corp. issued a $1,000 face value 20-year bond 7 years ago with a 12% coupon rate. The bond is currently selling for $1,143.75. What is its yield to maturity (YTM)?

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