Question: The $ 1 , 0 0 0 face value bonds of Eagle International have a coupon of 8 . 8 percent and pay interest semiannually.

The $1,000 face value bonds of Eagle International have a coupon of 8.8 percent and pay interest semiannually. Currently, the bonds are quoted at 96.0 and mature in 12 years. What is the yield to maturity?

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