A 5.00 percent coupon bond with 18 years left to maturity is offered for sale at $984.51.
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| A 5.00 percent coupon bond with 18 years left to maturity is offered for sale at $984.51. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)(Round your answer to 2 decimal places.) |
| Yield to maturity | % |
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