A 12-year semi-annual coupon bond with a face value of $1,000 was issued at par four years

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A 12-year semi-annual coupon bond with a face value of $1,000 was issued at par four years ago. The yield to maturity (YTM) when this bond was issued was 8%.

What is the yield to maturity (YTM) if the current price of the bond is $1,321.48?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jun 16, 2023 12:33 AM

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A 12-year semi-annual coupon bond with a face value of $1,000 was issued at par four years

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To calculate the current yield to maturity YTM of a bond you need to use the present value formula a... View the full answer

Fundamentals Of Corporate Finance

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