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Baton Rouge Inc's bonds are currently trading at 98.25% of par value. The bonds have a coupon rate of 4%, and mature in 9 years.
Baton Rouge Inc's bonds are currently trading at 98.25% of par value. The bonds have a coupon rate of 4%, and mature in 9 years. What is the yield-to-maturity? Assume coupons are paid semi-annually. Enter your answer as an annualized rate in decimal form, showing four decimal places. That is, if your answer is 4.55%, enter .0455.
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