Question: 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

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)?

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

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