What would the annual yield to maturity be on the bond

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Sweet Fruit Inc has a $1000 par value bond that is currently selling for $1280. It has an annual coupon rate of 9.90 percent paid semi annually and has ten years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity? Round the answer to two decimal places in percentage form.

Reference no: EM13848193

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