What is the yield to maturity of bond

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Reference no: EM131597213

What is the yield to maturity of a 23-year bond that pays a coupon rate of 7.44 percent per year, has a $1,000 par value, and is currently priced at $881? Assume annual coupon payments. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

Reference no: EM131597213

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