Suppose you are given the following bond quote information: Time to maturity: 10 years Current yield: 7.25%
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Question:
Suppose you are given the following bond quote information:
Time to maturity: 10 years
Current yield: 7.25%
Coupon rate: 5.75%
Par value: $1,000
Assuming semi-annual compounding, calculate the yield-to-maturity for the bond. (Enter percentages as decimals and round to 4 decimals)
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