Mining fund has purchased a bond with 8 years remaining until maturity and a $1,000 face value the bonds offer 9% coupon rate with interest paid annually. The bond may called in 4 years at a call price of $1,000 . What is the bond's yield to maturity(YTM)?

Answer rating: 100% (QA)

1 The face value F The face value of a bond or its principal is usually 1000 which means that the in... View the full answer