Bond sells-coupon rate-yield to maturity of the bond

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Reference no: EM13918407

A bond sells for $983.60 and has a coupon rate of 6.90 percent. If the bond has 29 years until maturity, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM13918407

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