(Answered) What is the yield to maturity of a 13-year bond that pays a

Management Studies

What is the yield to maturity of a 13-year bond that pays a coupon rate of 7.83 percent per year, has a $1,000 par value, and is currently priced at $1,483? Assume annual coupon payments.

Round the answers to two decimal places in percentage form.

You should use Excel or financial calculator.

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