You buy a(n) 16 7 coupon, 8 year maturity bond for $1,370 81 A year later, the bond price is $1,374 95 a What is the new yield to maturity on the bond (Do not round intermediate calculations Round your answer to 2 decimal places ) Yield to maturity

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You buy a(n) 16.7% coupon, 8-year maturity bond for $1,370.81. A year later, the bond price is $1,374.95. a. What is the new yield to

You buy a(n) 16.7% coupon, 8-year maturity bond for $1,370.81. A year later, the bond price is $1,374.95.

a.	What is the new yield to maturity on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to maturity

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