What would be effective yield to maturity

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Reference no: EM132825267

Problem 1: Seven years ago, Matilda bought a 10-year bond for $950. The bond pays a coupon of 12 percent semiannually. Today, the bond is priced at 5% more than what Matilda has paid for. If she sells the bond today, what would be her effective Yield to Maturity (YTM)? (Round to the nearest percent.)

Reference no: EM132825267

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