Interest is paid annually and the bonds have a 1000 par, Financial Management

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Interest is paid annually and the bonds have a 1000 par

Stilley Resources bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 5 percent. If the price of the bond is $841.51, what is the yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Yield to maturity %

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