What ytm do these bonds offer

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Reference no: EM13849634

Johanson VI Advisors. Issued $1000 par value bonds a few years ago with a coupon rate of 7 percent, paid semiannually. After the bonds were issued, interest’s rates fell. Now with three years remaining before they mature, the bonds sell for $1,055.08. What YTM do these bonds offer?

Reference no: EM13849634

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