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What is the yield to maturity of a 18-year bond that pays a coupon rate of 9.86 percent per year, has a $1,000 par value, and is currently priced at $1,035.55? 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 approximate formula for YTM

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What is the yield to maturity of a 18-year bond that pays a coupon

rate of 9.86 percent per year, has a $1,000 par value, and is currently priced at $1,035.55? 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 approximate formula for YTM

 
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