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Purchased the bond today and held

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Fresh fruit Inc has a $1000 par value bond that is currently selling for $1338. It has an annual coupon rate of 14.47 percent paid semiannually, and has 5-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

Round the answer to two decimal places in percentage form

Reference no: EM131419896

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