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What is the bond annual yield to maturity

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Reference no: EM131853263

Company Currently has a $1,000 par value bond outstanding with 22 years to maturity and a 6.75% coupon rate (paid semiannually) outstanding. In the market, this bond currently sells for $1,194.35. What is the bon's annual yield to maturity? YOU MUST SHOW ALL WORK AND USE AT LEAST 4 DECIMAL PLACES.

Reference no: EM131853263

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