Calculate yield to maturity on the bond


Question: Vertex bonds have a maturity value of $1,200. The bonds carry a coupon rate of 14%. Interest is paid semiannually. The bonds will mature in 7 years. If the current market price is $1,082.65, calculate the yield to maturity on the bond?

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Finance Basics: Calculate yield to maturity on the bond
Reference No:- TGS020816

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