Question: Please help I do not understand A 30-year bond with par value $1,000 has annual coupons and sells for 1,300. The write-down in the rst

Please help I do not understand

Please help I do not understand A 30-year bond
A 30-year bond with par value $1,000 has annual coupons and sells for 1,300. The write-down in the rst year is $4.60. What is the yield to maturity on this bond? Hint: The total write downs sum to the total reduction from the purchase price. a. 4.33% b. 4.89% c. 4.65% d. 4.41 '36 e. 4.50% 00000

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