A bond makes annual interest payments of $75 The bond matures in 4 years, has a par value of $1,000, and sells for $975 30 What is the bonds yield to maturity (YTM) ...

A bond makes annual interest payments of $75. The bond matures in 4 years, has a par

Question:

A bond makes annual interest payments of $75. The bond matures in 4 years, has a of $1,000, and sells for $975.30. What is the bond’s yield to (YTM)?
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,...