Maturity and sells-what is the yield to maturity

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Reference no: EM13722835

A municipal bond has 5 years until maturity and sells for $5,156. If the coupon rate on the bond is 5.88 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM13722835

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