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What would the annual yield to maturity be on bond

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Reference no: EM131491740

Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,126. It has an annual coupon rate of 15%, paid semiannually, and has 17 years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it to maturity. Round the answer to two decimal places in percentage form.

Reference no: EM131491740

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