Year to maturity an 8 year bond for kathy corporation has a, Financial Management

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Year to maturity an 8 year bond for kathy corporation has a

(Year to Maturity) A(n) 8 year bond for Kathy Corporation has a market price of $700.00 and a par value of $1000.00. If the bond has an annual interest rate of 6 percent, but pays interest semi annually, what is the bond's yield to maturity?

The bonds yield to maturity is _____%. (round to two decimal places.)

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