Zota Inc. has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10% with interest paid annually, and a Par Value of $1000. If the required current market price of the bond is $814.45, what is the bond s yield to maturity?

Zota Inc. has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10% with interest paid annually, and a Par Value of $1000.
If the required current market price of the bond is $814.45, what is the bond s yield to maturity?






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