A $ 1,000 par value bond with seven years left to maturity has a 9 percent coupon rate (paid semiannually) and is selling for $ 945 80 What is its yield to maturity ...

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A $ 1,000 par value bond with seven years left to maturity has a 9 percent coupon

Question:

A $ 1,000 bond with seven years left to has a 9 percent rate (paid semiannually) and is selling for $ 945.80. What is its yield to Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...