What would the annual yield to maturity be on the bond

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Reference no: EM13813368

Fresh Fruit, INC. has a $1000 par value bond that is currently selling for $911. It has an annual coupon rate of 11.70 %, paid semi annually, and has 28-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity?

Round answer two decimal place. (Show in excel or financial calculator)

Reference no: EM13813368

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