What is the yield to maturity of a 30-year bond that pays a


What is the yield to maturity of a 30-year bond that pays a coupon rate of 7.54 percent per year, has a $1,000 par value, and is currently priced at $855? Assume annual coupon payments.

Round the answers to two decimal places in percentage form.

You should use Excel or financial calculator.

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Risk Management: What is the yield to maturity of a 30-year bond that pays a
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