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A 12-year 6% annual coupon bond with face value of $1,000 is trading for $920. What is its yield to maturity? Round to the tenth
A 12-year 6% annual coupon bond with face value of $1,000 is trading for $920. What is its yield to maturity? Round to the tenth of a percent (e.g., 5.24% = 5.2). [Hint: nper=12, pmt=60, pv=-920, fv=1000, type=0]
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