Question: 14 please answer quick, i will leave a like. just need to check wnd see if im right A bond has a coupon rate of

14 please answer quick, i will leave a like. just need to check wnd see if im right

A bond has a coupon rate of 98 and makes monthly coupon payments. This bond has a face value of $3000, 16 years to maturity and the cuifent price of the bond is 53245 . What is the annual YTM of this bond? Numeric Aesponse

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