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Yield to maturity of the bond

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A bond sells for $985.45 and has a coupon rate of 6.50 percent. If the bond has 31 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131234339

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