Question: Save Answer Question 8 5 points A bond with a $1,000 par value has 18 years to maturity and currently sells for $1,110. The bond

Save Answer Question 8 5 points A bond with a $1,000

Save Answer Question 8 5 points A bond with a $1,000 par value has 18 years to maturity and currently sells for $1,110. The bond has a 3% coupon rate and pays coupons twice per year or semiannually. What is the bond's yield to maturity? Enter your answer as a percent with 2 decimal places (e.g., 12.35). A Moving to another question will save this response.

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