Question

A corporation has an outstanding bond with the following characteristics:
Coupon interest rate ........... 6.0%
Interest payments ............ semiannually
Face value ................. $1,000.00
Years to maturity ............ 8
Current market value ............ $ 902.81
What is the yield to maturity (YTM rd) for this bond?



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  • CreatedNovember 24, 2014
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