What is the yield to maturity of non-callable bonds

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Question: Aspen Company's non-callable bonds currently sell for $970. They have a 15-year maturity, an annual coupon of $70. and a par value of $1,000. What is their yield to maturity? Your answer should be between 6.65 and 8.80, rounded to 2 decimal places, with no special characters.

Reference no: EM131935641

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