A bond sells for 98360 and has a coupon rate of 690 percent, Ask an Expert

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A bond sells for $983.60 and has a coupon rate of 6.90 percent. If the bond has 29 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91591309

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