find the yield-to-maturity (YTM) of the following bond of IOU Corp. These are the IOU Corp bond characteristics:

-20 years left until maturity

-A par value of $1,000 which will be paid at maturity

-A current market price of $680

-Coupons of $60 per year, paid annually (thus, 20 coupons remaining)

What is the yield-to-maturity (YTM) of the above IOU Corp. bond?

Answer rating: 100% (QA)

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