Please include formula for the following. A corporate bond for the Maryland Company, LTD has a face value of $1,000 and an annual coupon interest rate of 5%. Interest is paid annually. 12 years of the life of the bond remain. The current market price of the bond is $1,082, and it will mature at $1,000. To the 1/100 percent, what is the yield to maturity (YTM) of the bond today?
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