What are their nominal yield to maturity

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Reference no: EM13883509

YIELD TO MATURITY A firm's bonds have a maturity of 9 years with a $1,000 face value, have an 7% semiannual coupon, are callable in 5 years at $1,200, and currently sell at a price of $1,150. What are their nominal yield to maturity? Round to TWO decimal places.

Reference no: EM13883509

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