Question: Problem 10-5 Yield to Maturity (LO1, CFA5) A bond sells for $965.25 and has a coupon rate of 7.50 percent. If the bond has 26

Problem 10-5 Yield to Maturity (LO1, CFA5) A bond sells for

Problem 10-5 Yield to Maturity (LO1, CFA5) A bond sells for $965.25 and has a coupon rate of 7.50 percent. If the bond has 26 years until maturity, what is the yield to maturity of the bond? Assume semiannual compounding. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity :%

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