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What is the bond annual yield to maturity

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Reference no: EM133039796

Lastimar Inc. $1,000 par value corporate bonds were issued four years ago and have 16 years left to maturity. The bonds offer a 5% coupon rate paid semiannually and are currently selling in the market for $875. What is the bond's annual yield to maturity? Submit your answer as a percentageand round to two decimal places.

Reference no: EM133039796

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