Dan is considering the purchase of super technology inc, Ask an Expert

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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 7 years ago. When the bonds were originally sold they had a 25-year maturity and a 11.13 percent coupon interest rate, paid annually. The bond is currently selling for $1,015. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

Round the answers to two decimal places in percentage form.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92406213

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