What is the yield to maturity of a 23-year bond that pays a coupon rate of 8.25%

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What is the yield to maturity of a 23-year bond that pays a coupon rate of 8.25% per year, has a $1,000 par value , and is currently priced at $1,298.05?

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ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 26, 2024 09:17 AM

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What is the yield to maturity of a 23 year bond that pays a coupon rate of 8.25% per year, has a $1000 par value, and is currently priced at $1,298.05? Assume semi-annual payments.
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What is the yield to maturity of a 23-year bond that pays a coupon rate of 8.25%

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To calculate the yield to maturity YTM of a bond we need to use the bonds coupon rate par value curr... View the full answer

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