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Annual yield to maturity-finnigan corporation

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Reference no: EM132691897

Finnigan Corporation has bonds that have 8 years to maturity. Interest is paid semi-annually. The bonds have a $1,000 par value, a coupon rate of 10% and a price of $1,073.55. Compute the annual yield to maturity. Round to 2 decimal places.

Reference no: EM132691897

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