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Compute the annual yield to maturity-tully corporation

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Reference no: EM132714176

Tully Corporation bonds have 7 years to maturity. Interest is paid quarterly. The bonds have a $1,000 par value, coupon rate of 7% and a price of $1,073.69. Compute the annual yield to maturity. Round to 2 decimal places.

Reference no: EM132714176

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