What is the yield to the maturity on the bonds

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Reference no: EM131047325

Dan is considering the purchase of Super Technology, Inc bonds that were issued 7 years ago. When the bonds were originally sold they had a 25 year maturity and a 11.13 percent coupon rate, paid annually. The bond is currently selling for 1,015. Par value of the bond is $1000. What is the yield to the maturity on the bonds if you purchased the bond today?

Reference no: EM131047325

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