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What is the yield to maturity of a 15-year bond

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What is the yield to maturity of a 15-year bond that pays a coupon
rate of 16.58 percent per year, has a $1,000 par value, and is currently priced at $1,118? Assume annual coupon payments.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

You should use Excel or financial calculator.

 
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