Find the yield to maturity (YTM) for a 15-year, 8% annual coupon rate, and $1,000 par value

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Find the yield to maturity (YTM) for a 15-year, 8% annual coupon rate, and $1,000 par value bond if the bond sells for $1,208 currently? We assume that interest is paid on this bond semiannually.

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Apr 08, 2023 07:26 AM

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Find the yield to maturity (YTM) for a 15-year, 8% annual coupon rate, and $1,000 par value

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Fundamentals Of Investing

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