Question: YZX Corp. has a bond issue with a $ 1 , 0 0 0 par value and a 1 1 % coupon rate. It pays

YZX Corp. has a bond issue with a $1,000 par value and a 11% coupon rate. It pays coupons
annually and has 10 years remaining to maturity. It just made a coupon payment. If the bond's
current price is $1,200, what is the bond's yield to maturity?
YZX Corp. has a bond issue with a $1,000 par value

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