Calculate the yield to maturity on the bond

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Reference no: EM132020864

Suppose you are given the following bond quote information:

Time to maturity: 30 years

Coupon rate: 6%

Price: 102% of par

Par Value: $1,000

Assuming semi-annual compounding, calculate the yield to maturity on the bond. (Enter percentages as decimals and round to 4 decimals)

Reference no: EM132020864

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