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E Question Help Problem 7-26 (similar to) (Yield to maturity) You own a 23-year bond that pays 13 percent interest annually. The par value of

E Question Help Problem 7-26 (similar to) (Yield to maturity) You own a 23-year bond that pays 13 percent interest annually. The par value of the bond is $1,000 and the market price of the bond is $1,050. What is the yield to maturity of the bond? The yield to maturity of the bond is %. (Round to two decimal places.)

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