Question: Q# 5 . [ 1 0 pts ] Calculating the Yield - To - Maturity ( YTM ) The Azusa Capital, Inc. has a bond

Q#5.[10 pts] Calculating the Yield-To-Maturity (YTM)
The Azusa Capital, Inc. has a bond outstanding with a coupon rate of 5.3 percent and annual payments. The
bond currently sells for $1,008.47, matures in 17 years, and has a par value of $1,000. What is the Yield-To-
Maturity (YTM) of the bond?

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