What is the annual yield to maturity

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Reference no: EM131891701

Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds have a $1,500 par value and a coupon rate of 8 percent.

If the price of the bond is $1,084.58, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Annual Yield of Maturity_____

Reference no: EM131891701

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