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May Industries has a bond outstanding that sells for 940 The bond has a coupon rate of 430 percent and 29 years until maturity What is the yield to maturity of the bond Do not round intermediate

May Industries has a bond outstanding that sells for $940. The bond has a coupon rate of 4.30 percent and 29 years until maturity. What is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

 

Yield to maturity %
 

Aug 30 2020 View more View Less

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