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What would the annual yield to maturity

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A few years ago, Spider Web, Inc. issued bonds with a 8.23 percent annual coupon rate, paid semiannually. The bonds have a par value of $1,000, a current price of $1,092, and will mature in 20 years. What would the annual yield to maturity be on the bond if you purchased the bond today? Round the answer to two decimal places in percentage form.

Reference no: EM132794054

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