Calculate the yield to maturity on this bond

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Question - Schlumberger has a bond outstanding with the following characteristics: Par: $10,000

Coupon rate: 3.30%

Semi-annual periods to maturity: 10

Market price: $10,525.30

The company has other bonds outstanding. However, this bond is closest to the maturity of any new bonds that the company will issue to finance a new project. Calculate the yield to maturity on this bond.

Reference no: EM133090941

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