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McDonalds 5 year 2.625% coupon bond is trading at 102.7. What is this bonds yield to maturity? McDonalds common stock has a dividend yield of

McDonald’s 5 year 2.625% coupon bond is trading at 102.7. What is this bond’s yield to maturity? McDonald’s common stock has a dividend yield of 2.81%. Why is its dividend yield higher than its 5 year bond yield?

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