What yield to maturity is the bond offering

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Reference no: EM131056748

A 5.85 percent coupon bond with 18 years left to maturity is offered for sale at $1,055.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

Yield to maturity %

Reference no: EM131056748

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