An investor is considering purchasing a bond with a 4 . 2 5 percent coupon interest rate,

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Question:

An investor is considering purchasing a bond with a

4.25

percent coupon interest rate, a par value of $

1, 000,

and a market price of $

848.44 .

The bond will mature in nine years. Based on this information, answer the following questions:

.

What is the bond's current yield?

.

What is the bond's approximate yield to maturity?

.

What is the bond's yield to maturity using a financial calculator?

Posted Date: May 18, 2024 03:08 PM

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An investor is considering purchasing a bond with a 4 . 2 5 percent coupon interest rate,

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