Question: Compute the yield to maturity on a bond that makes coupon payments of $95.00 yearly, currently sales for $990 and will mature in 11 years.

Compute the yield to maturity on a bond that makes coupon payments of $95.00 yearly, currently sales for $990 and will mature in 11 years. HINT: The coupon payment is usually given as a percent and you turn it into a dollar amount and enter it into your calculator. The coupon rate is already given as a dollar amount.

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