Question: *Please show your work using a financial calculator and all inputs used* 3. House Inc. has a bond issue with a coupon rate of 8

*Please show your work using a financial calculator and all inputs used**Please show your work using a financial calculator and all inputs used*

3. House Inc. has a bond issue with a coupon rate of 8 percent that matures in 12 years. The bonds have a par value of $1,000 and a market price of $1,150.00. Coupon is paid annually. What is the yield to maturity? (5 points)

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