What is the expected yield to maturity for this bond

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A bond can be purchased for $956 today. This bond pays $67 in interest each year in annual year end payments. The bond has a par or maturity value of $1,000 and has 9 years to maturity. What is the expected yield to maturity for this bond? (Two decimal places please – for example 8.25%)_______________.

Reference no: EM131835171

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