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What is the yield to maturity

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Reference no: EM131569227

What is the yield to maturity of a 16-year bond that pays a coupon rate of 10.57 percent per year, has a $1,000 par value, and is currently priced at $1,193.96? Assume annual coupon payments.

Round the answers to two decimal places in percentage form.

Reference no: EM131569227

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