an is considering the purchase of Super Technology, Inc. bonds that were issued 8 years...
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an is considering the purchase of Super Technology, Inc. bonds that were issued 8 years ago. When the bonds were originally sold they had a 30-year maturity and a 5.72 percent coupon interest rate, paid annually. The bond is currently selling for $1,196. Par value of the bond is $1,000. What is the yield to maturity on the bonds if you purchased the bond today? Round the answers to two decimal places in percentage form.
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