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Yield to maturity on the bonds-super technology

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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 10 years ago. When the bonds were originally sold they had a 20-year maturity and a 10.51 percent coupon interest rate, paid annually. The bond is currently selling for $1,297. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today? Round the answers to two decimal places in percentage form.

Reference no: EM132576551

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