What is yield-to-maturity of this bond

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United Air has a 6.75% coupon 20 year bond (par value = 1,000). Assume that coupon payments are semi-annual and that the current price is $965.45. What is the yield-to-maturity of this bond? Be sure to report on an annualized basis and as a raw number - i.e. if your answer is 6.5%, input as 6.5.

Reference no: EM131358155

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