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The Bonds For Company A Have A 4 5%

coupon rate, a $1000 par value, and 12years to maturity. The bonds are

Question

The bonds for Company A have a 4.5% coupon rate, a $1000 par value, and 12 years to maturity. The bonds are

currently priced at $905.40.

What is the yield to maturity for this bond?

Finance