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Homework answers / question archive / What is the yield to maturity of a 21-­year bond that pays a coupon rate of 7

What is the yield to maturity of a 21-­year bond that pays a coupon rate of 7

Accounting

What is the yield to maturity of a 21-­year bond that pays a coupon rate of 7.76 percent per year, has a $1,000 par value, and is currently priced at $946? Assume annual coupon payments.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

You should use Excel or financial calculator. 

 

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