What is the yield to maturity of a 30-year bond that pays a coupon rate of 10.69% per year
What is the yield to maturity of a 30-year bond that pays a coupon
rate of 10.69% per year, has a $1000 par value, and is currently priced at $999? Assume annual coupon payments.
Round the answer to two decimal places in percentage form. Use Excel or a financial calculator.