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Emirates Airlines Inc. has a AED 1,000 par value bond outstanding with 20 years to maturity. The bond carries an annual interest payment of AED

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Emirates Airlines Inc. has a AED 1,000 par value bond outstanding with 20 years to maturity. The bond carries an annual interest payment of AED 81 and is currently selling for AED 950. What is yield to maturity? ANSWER FORMAT: 0.1234 [do not convert in %]

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