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Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $953.56 The bonds have a face value of $1,000, a coupon rate of 4%
Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $953.56 The bonds have a face value of $1,000, a coupon rate of 4% with coupons paid semiannually, and they mature in 20 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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