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 orginally sold they had a 22 year maturity and a 8.25 percent coupon rate, paid annually. The bond is currently selling for $723. Par value of the bond is $1000. What is the yield to the maturity on the bonds if you purchased the bond today?

Round answer to two decimal places in percentage form.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92420515

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