What was the yield to maturity on the day you bought bond

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Reference no: EM132459374

Problem: Home Plc issued a nine year bond in November 2011 with a coupon rate of 8% (face value = £100). In November 2016 (just after that year's coupon had been paid) you bought the bond at a price of £96.76. It is now exactly one year later and you have just sold the bond for £102.62.

What was the yield to maturity on the day you bought the bond?

Reference no: EM132459374

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