The market price of a semi-annual pay bond is $989.52. It has 20.00 years to maturity and

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The market price of a semi-annual pay bond is $989.52. It has 20.00 years to maturity and a coupon rate of 5.00%. Par value is
$1,000. What is the yield to maturity?

Related Book For answer-question

Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Posted Date: Apr 22, 2024 01:02 AM

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The market price of a semi-annual pay bond is $989.52. It has 20.00 years to maturity and

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To calculate the yield to maturity YTM of a bond we need to use the bonds current market price coupo... View the full answer

Fixed Income Analysis

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