A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years remaining

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A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years remaining to maturity. If bond's current
price $1, 179.65, what should be the YTM of this bond?

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Apr 20, 2024 05:20 PM

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A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years remaining

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Expert Answer:

To calculate the yield to maturity YTM of a bond we need to use the bonds current price coupon rate ... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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