Could you please provide the yield to maturity for a 21-year bond with a coupon rate of
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Question:
Could you please provide the yield to maturity for a 21-year bond with a coupon rate of 7.76 percent per annum, a par value of $1,000, and a current price of $946?
Please ensure that the answers are rounded to two decimal places and expressed in percentage format.
It is advisable to utilize either Microsoft Excel or a dedicated financial calculator for this purpose.
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