Bonds outstanding that pay interest semiannually

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New Markets has bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5 percent coupon. The current price is quoted at 97.6 (97.6% of the par value). What is the yield to maturity?

Reference no: EM131318908

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Bonds outstanding that pay interest semiannually : New Markets has bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5 percent coupon. The current price is quoted at 97.6 (97.6% of the par value). What is the yield to maturity?

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