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

Problem 7-18 Spreadsheet Problem: Yield to Maturity (LG7-6)
A 6.55 percent coupon bond with 19 years left to maturity is offered for sale at $1,125.25. 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 7-18 Spreadsheet Problem: Yield to Maturity (LG7-6) A 6.55 percent

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