A 61 coupon bearing bond pays interest semi-annually and


A 6.1% coupon bearing bond pays interest semi-annually and has a maturity of 5 years. If the current price of the bond is $1,140.56, what is the yield to maturity of this bond? (Answer to the nearest hundredth of a percent, e.g. 12.34%)

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Financial Management: A 61 coupon bearing bond pays interest semi-annually and
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