A 5.40 percent coupon bond with 17 years left to maturity is offered for sale at $955.62.

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A 5.40 percent coupon bond with 17 years left to maturity is offered for sale at $955.62. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Mar 05, 2024 05:12 AM

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A 5.40 percent coupon bond with 17 years left to maturity is offered for sale at $955.62.

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Finance Applications and Theory

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