All concerned: I need assistance with the following: What is the yield to maturity of a 12-year
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Question:
All concerned:
I need assistance with the following:
What is the yield to maturity of a 12-year bond that pays a coupon rate of 7.97 percent per year, has a $1,000 par value, and is currently priced at $931? Assume annual coupon payments.Round the answers to two decimal places in percentage form.
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