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chapter 7 question 16 A 5.40 percent coupon bond with 17 years left to maturity is offered for sale at $955.62. What yield to maturity

chapter 7 question 16

A 5.40 percent coupon bond with 17 years left to maturity is offered for sale at $955.62. 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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