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Business, 19.03.2020 00:46 FloweyFlower

What is the yield to maturity of a bond if the bond is sold at $985.48 today, pays annual coupon of 7% and matures in 12 years? Round to the nearest hundredth percent. Do not include a percent sign in your answer. (i. e. If your answer is 4.32%, then type 4.32 without a % sign)

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