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Assume semi annual coupon payments

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Reference no: EM13766882

What is the yield to maturity of a 23 year old bond that pays a coupon rate of 8.25% per year, has $1,000 par value and is currently priced at $1298.05? (Assume semi annual coupon payments)

Round answer to two decimal places in percentage form.

Reference no: EM13766882

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