Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of

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Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of 4.8%. the Bond sells for $951.07 and matures in 10 years. The par value is $1,000. What is the yield to maturity of the bond?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: Mar 07, 2024 10:43 PM

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Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of

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To calculate the yield to maturity YTM of the bond we can use the formula for YTM which considers th... View the full answer

Bond Markets Analysis and Strategies

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