Question: Calculate the yield to maturity on a $ 1 , 0 0 0 face value bond purchased for $ 1 , 2 0 4 ,

Calculate the yield to maturity on a $1,000 face value bond purchased for $1,204,50 if it carries a 7.9% coupon and has 812 years remaining until maturity. (Do not round Intermedlate calculations. Round your answer to two decimal places.)
YTM % compounded semiannually
Calculate the yield to maturity on a $ 1 , 0 0 0

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