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Homework: Chapter 7 Homework Save Score: 0 of 1 pt 9 of 9 (8 complete) HW Score: 88.89%, 8 of 9 pts 7.LO4.28 (Static) Question
Homework: Chapter 7 Homework Save Score: 0 of 1 pt 9 of 9 (8 complete) HW Score: 88.89%, 8 of 9 pts 7.LO4.28 (Static) Question Help Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $588.44. The bonds have a face value of $1,000, a coupon rate of 4% with coupons paid semiannually, and they mature in 25 years. What is the yield to maturity of the bonds? The yield to maturity of the bonds is %. (Round to two decimal places.)
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