A 6% coupon bond has 7 years remaining until maturity. If the bond's price is 102.5% of

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A 6% coupon bond has 7 years remaining until maturity. If the bond's price is 102.5% of par and coupons are paid semi-annually, what is the yield-to-maturity? Enter your answer as an annualized rate in decimal form, showing four decimal places.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: May 09, 2023 03:21 AM

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A 6% coupon bond has 7 years remaining until maturity. If the bond's price is 102.5% of

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To calculate the yieldtomaturity YTM of a bond we need to use the bonds price coupon rate t... View the full answer

Personal Finance

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