What is the yield to maturity of this bond

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Reference no: EM131910219

A $1000 face value bond with a maturity of 6 years and a 7.8750% coupon rate paying quarterly interest payments is currently selling for $992.57 (minus fees transaction costs).

The most recent dividend was paid yesterday. What is the yield to maturity of this bond?

Reference no: EM131910219

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