What is yield to maturity on the bonds

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Dan is considering the purchase of Super Technology, Inc. bonds that were issued 4 years ago. When the bonds were originally sold they had a 20-year maturity and a 7.76 percent coupon interest rate, paid annually. The bond is currently selling for $1,204. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today?

Reference no: EM131864255

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