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Dan is considering the purchase of Super Technology, Inc

Finance

Dan is considering the purchase of Super Technology, Inc. bonds that were issued 3 years ago. When the bonds were originally sold they had a 24-year maturity and a 6.19 percent coupon interest rate, paid annually. The bond is currently selling for $882. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

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