A coupon bond that pays interest of $30 annually has a par value of $1000, matures in

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A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850. What is the yield to maturity on this bond?

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Apr 26, 2024 01:02 AM

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A coupon bond that pays interest of $30 annually has a par value of $1000, matures in

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Expert Answer:

To calculate the yield to maturity on a bond we use the following formula YTM C FV P n FV ... View the full answer

Introduction To Corporate Finance

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