Question: need help!! will give a like You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You

need help!! will give a like

You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.50%. What is its yield to maturity? The bond has 5 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). 14.60% 15.30% 13.40% 14.79% 15.92% You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.50%. What is its yield to maturity? The bond has 5 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). 14.60% 15.30% 13.40% 14.79% 15.92%

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