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Yield to Maturity for Annual Payments Wilson Corporation's bonds have 10 years remaining to maturity....

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Yield to Maturity for Annual Payments Wilson Corporation's bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 7%. The bonds sell at a price of $985. What is their yield to maturity? Round your answer to two decimal places. %

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