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Problem 7-27 Yield to Maturity (LG 7-6) A 6.35 percent coupon bond with 20 years left to maturity is offered for sale at $1,105.25. What

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Problem 7-27 Yield to Maturity (LG 7-6) A 6.35 percent coupon bond with 20 years left to maturity is offered for sale at $1,105.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual ) (Round your answer to 2 decimal places.) Yield to maturity %

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