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Abbott Laboratories, an Aaa Moody s rated company issued a $ 1 , 0 0 0 par, 3 0 - year maturity bond 1 1

Abbott Laboratories, an Aaa Moody

s rated company issued a $

1, 000

par,

30 -

year maturity bond

11

years ago.

The bond carries a

3.625 %

coupon that is paid semiannually.

It is priced today at $

895.86 .

If purchased, what is the bond

s yield to maturity

(

YTM

) ?

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