What is the yield-to-maturity of this bond

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Reference no: EM131601972

United Air has a 6.2% coupon 25 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is $1020.50. What is the yield-to-maturity of this bond? Be sure to report on an annualized basis and as a raw number - i.e. if your answer is 6.5%, input as 6.5.

Reference no: EM131601972

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