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What is yield to maturity on bond if dan purchases bond

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Reference no: EM133010537

Dan is considering the purchase of Super Technology. Inc. bonds that were issued 10 years ago. When the bonds were originally sold, they had a 27-year maturity and a 11.00 percent coupon interest rate, paid annually. The bond is currently selling for $981. The par value of the bond is $1000.

Problem 1: What is the yield to maturity on the bond if Dan purchases the bond today?

Reference no: EM133010537

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