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Coupon bond outstanding with a current market

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Reference no: EM132906014

World Travel has a 7 percent, semiannual, coupon bond outstanding with a current market price of $800, a par value of $1,000, and it has 9 years until maturity. What is the yield to maturity of this bond? (round your answer to 2 decimal places).

Reference no: EM132906014

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