Question: Please help me study for a test by answering this question. Ravenstar Corporation's bonds make an annual coupon interest payment of 4.60%. The bonds have

Please help me study for a test by answering this question. Ravenstar Corporation's bonds make an annual coupon interest payment of 4.60%. The bonds have a par value of $1,000, a current price of $880, and mature in 16 years. What is the yield to maturity on these bonds?

The yield to maturity will be - I/YR_____________% = YTM

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