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A few years ago, Spider Web, Inc. issued bonds

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A few years ago, Spider Web, Inc. issued bonds with a 10.4 percent
annual coupon rate, paid semiannually. The bonds have a par value of $1000, have a current price of $702, and will mature in 6 years. What will the annual yield to maturity be on the bond if you purchase the bond today?
Round the answers to two decimal places in percentage form. Use Excel or a financial calculator.

 
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