A bond sells for 89916 and has a coupon rate of 700 percent, Financial Management

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A bond sells for 89916 and has a coupon rate of 700 percent

A bond sells for $899.16 and has a coupon rate of 7.00 percent. If the bond has 17 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 %

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Financial Management: A bond sells for 89916 and has a coupon rate of 700 percent

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Financial Management: A bond sells for 89916 and has a coupon rate of 700 percent

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