Question: Question: A $1000 bond, with a 5-year maturity, has a coupon rate of 10% and a present market value of $1030.00. Find the yield to

Question: A $1000 bond, with a 5-year maturity, has a coupon rate of 10% and a present market value of $1030.00. Find the yield to maturity (YTM). (a) Use Equation 1 above to write an equation to that can be used solve for r, the yield to maturity. (b) Write the equation in part (a) as a polynomial equation (as done in the video lesson) (c) What is the yield to maturity for this bond? Use the graphing calculator or computer to solve. Write as a percent, round to at least two places after the decimal in the final form of the answer. Check with an online or finance calculator

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