Find the nominal yield to maturity at the given time

Reference no: EM131972986

Question: On February 2, 2017 General Motors had the following bond outstanding: Coupon 7.66%, Maturity 8/1/2040, Rating Baa2/BBB-, Price 118.4. Find the nominal yield to maturity at this time (same as bond equivalent yield). Do not count days; rather count 6 month periods. Answer in percent to 4 decimal places. Do not include the percentage sign.

Reference no: EM131972986

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