Question: I need help with this question. What is the yield to maturity of a 11-year bond that pays a coupon rate of 14.33 percent per
I need help with this question.
What is the yield to maturity of a 11-year bond that pays a coupon rate of 14.33 percent per year, has a $1,000 par value, and is currently priced at $822? Assume annual coupon payments. Please assist.
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