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What is the yield to maturity of a 18-year bond that pays a

What is the yield to maturity of a 18-year bond that pays a coupon rate of 9.86 percent per year, has a $1,000 par value, and is currently priced at $1,035.55? Assume annual coupon payments.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

You should use approximate formula for YTM

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Finance Basics: What is the yield to maturity of a 18-year bond that pays a

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