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Settings Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $352.03. The bonds have a face value of $1,000, a coupon rate of
Settings Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $352.03. The bonds have a face value of $1,000, a coupon rate of 1.5% with coupons paid semiannually, and they mature in 25 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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