You own a 10 year bond that pays 6 percent interest annually The par value of the bond is $ 1,000 and the market price of the bond is $ 900 What is the yield to maturity of the bond ...

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You own a 10- year bond that pays 6 percent interest annually. The par value of the

Question:

You own a 10- year bond that pays 6 percent interest annually. The of the bond is $ 1,000 and the market price of the bond is $ 900. What is the yield to of the bond?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...