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NFLX has a non-callable bond with 3.625% annual coupons (paid semi-annually) and maturity on 5/15/2027. If the flat price of the bond on 10/23/2020 is
NFLX has a non-callable bond with 3.625% annual coupons (paid semi-annually) and maturity on 5/15/2027. If the flat price of the bond on 10/23/2020 is 111.171, what is the the yield-to-maturity of the bond using the YIELD function in Excel? (Use four decimals. For example, write 3.02% as 0.0302. Answers within +/- 0.001 of the correct answer accepted.)
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