A bond has annual coupon rate of 7%, with interest paid semiannually. The bond matures in seven
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Question:
- A bond has annual coupon rate of 7%, with interest paid semiannually. The bond matures in seven years.The price of this bond per 100 of par value is $111.69. What's the bond's YTM?
answer in percentage. For example, if you got 3% then write down 3. Round your answer to 2 decimal places.
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