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Mila & Bros Inc. issued $1,000 par value corporate bonds on January 1, 2021 and mature on January 1, 2051. The bonds have a% 6.75
Mila & Bros Inc. issued $1,000 par value corporate bonds on January 1, 2021 and mature on January 1, 2051. The bonds have a% 6.75 coupon rate paid semiannually. Bonds are currently selling for $935. Compute the bonds yield to maturity on January 1, 2025? Submit your answer as a percentage rounded to two decimal places. (Hint: how many years are there to maturity?)
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