what is its approximate yield to maturity?

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A 10-year bond pays 12 interest on a $1000 face value annually. If it currently sells for $1,190, what is its approximate yield to maturity? (Do not round intermediate calculations.)

10.57

9.07

10.07

8.57

A 10-year bond pays 12 interest on a $1000 face value annually. If it currently sells for $1,190, what is its approximate yield to maturity?

 

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