A corporate bond with BBB rating is selling at 97% of its par value right...
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Finance
A corporate bond with BBB rating is selling at 97% of its par value right now. It matures in 20 years and distribute annual coupons. The annual coupon rate is 7%.
What is the Yield to Maturity of this bond? (Please round up your answers to two decimals and write in percentage points without the sign. e.g. If your answer is 12.859%, type 12.86 without the percentage sign)
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