You bought a bond for $1020 today. The bond's coupon rate is 6.7%, with 12 years left

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You bought a bond for $1020 today. The bond's coupon rate is 6.7%, with 12 years left to maturity and a par value of $1,000. What is the yield to maturity of the bond?

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: May 08, 2024 08:58 AM

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You bought a bond for $1020 today. The bond's coupon rate is 6.7%, with 12 years left

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To calculate the yield to maturity YTM of a bond we need to use a financial calculato... View the full answer

Corporate Finance

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