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What is the yield to maturity of a 28-year bond

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Reference no: EM132794201

What is the yield to maturity of a 28-year bond that pays a coupon rate of 11.64 percent per year, has a $1,000 par value, and is currently priced at $1,468? Assume annual coupon payments. Round the answers to two decimal places in percentage form.

Reference no: EM132794201

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