What is the yield to maturity for a$$ $$1,000$ par value bond selling for$$ $$1,120$ that matures in $6$ years and pays $12$ percent interest$$ annually?

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Part $1$

A$.$

$12\mathrm{.}0$ percent

B$.$

$9\mathrm{.}3$ percent

C$.$

$8\mathrm{.}5$ percent

D$.$

$13\mathrm{.}2$ percent