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QUESTION 4 The 8 percent semi- annual coupon bonds of Heinz Inc. are selling for $887. The bonds have a face value of $1,000 and

QUESTION 4

  1. The 8 percent semi- annual coupon bonds of Heinz Inc. are selling for $887. The bonds have a face value of $1,000 and mature in 6 years. What is the yield to maturity?

    Round to 2 decimal places.

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