What is the yield - to - maturity of a bond that sells for 9 3 (

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Question:

What is the yield

-

-

maturity of a bond that sells for

93 (

93 %

of face value

)

with

5

years to maturity and a coupon rate of

7 % ?

Assume annual interest payments and a face value of $

1, 000 .

Round answer to two decimals.

Related Book For answer-question

Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: May 18, 2024 11:14 PM

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What is the yield - to - maturity of a bond that sells for 9 3 (

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Introduction To Corporate Finance

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