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On Monday, February 20, you settled the 7.5% Saturn Tech Company’s corporate bonds for $98.75. The...

On Monday, February 20, you settled the 7.5% Saturn Tech Company’s corporate bonds for $98.75. The maturity date is June 30, 2030, the redemption price is 100, and the coupons are paid twice a year. Calculate the yield to maturity (use whole number percentage and 2 decimals)

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Expert Solution

Yield rounded to 2 decimals is 7.68%

jeff jeffy answered 2 years ago
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