Considering the purchase of super technology

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Reference no: EM131603364

Dan is considering the purchase of Super Technology, Inc. bonds that were issued 8 years ago. When the bonds were originally sold they had a 30-year maturity and a 5.72 percent coupon interest rate, paid annually. The bond is currently selling for $1,196. Par value of the bond is currently $1000. What is the yield to maturity on the bonds if you purchased the bond today? Round two decimal places.

Reference no: EM131603364

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