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You just purchased a bond that matures in 4 years. The bond has a...

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You just purchased a bond that matures in 4 years. The bond has a...

You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and a 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.

____%

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Answered by ChefMonkeyMaster3686 on coursehero.com

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Step-by-step explanation

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