Each bond carries a 681 coupon payable semi-annually and


Bonds issued 5 years ago by Kramer Manufacturing mature in 25 years and have a $1,000 face value. Each bond carries a 6.81% coupon, payable semi-annually, and currently sells for $465.42. What is the bond's Yield to Maturity, in APR format?

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Finance Basics: Each bond carries a 681 coupon payable semi-annually and
Reference No:- TGS02381689

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