Yield to maturity of this bond-annual coupon payments

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Dan is going to buy a 19-year bond that pays a coupon rate of 11.56% per year, and has a $1,000 par value. The bond currently priced at $1,326.92? What is the yield to maturity of this bond? Assume annual coupon payments.

Round the answer to two decimal places in percentage form

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Reference no: EM13766901

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