Question: Problem 7 - 1 4 Yield to Maturity ( LG 7 - 6 ) A 5 . 5 0 percent coupon bond with 1 8

Problem 7-14 Yield to Maturity (LG7-6)
A 5.50 percent coupon bond with 18 years left to maturity is offered for sale at $965.82. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)
Note: Round your answer to 2 decimal places.
Yield to maturity
Problem 7-14 Yield to Maturity (LG7-6) A 5.50 percent coupon bond

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