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4 points ^ EK Big Corporation bonds are currently trading at 962 . The bonds have a coupon rate of 4%, and mature in 24
4 points ^ EK Big Corporation bonds are currently trading at 962 . The bonds have a coupon rate of 4%, and mature in 24 years. What is the yield-to-maturity? Assume coupons are paid semi-annually and par value is $1,000. Enter your answer as an annualized rate in percentage form, showing two decimal places. That is, if your answer is .0455, enter 4.55
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