Question: Problem 10-7 Yield to Maturity (LO1, CFA5) May Industries has a bond outstanding that sells for $937. The bond has a coupon rate of 5.3

Problem 10-7 Yield to Maturity (LO1, CFA5) May Industries has a

Problem 10-7 Yield to Maturity (LO1, CFA5) May Industries has a bond outstanding that sells for $937. The bond has a coupon rate of 5.3 percent and 24 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity

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