A bond can be purchased for 985 today this bond pays 72 in


A bond can be purchased for $985 today. This bond pays $72 in interest each year in annual year end payments. The bond has a par or maturity value of $1,000 and has 9 years to maturity. What is the expected yield to maturity for this bond?

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Finance Basics: A bond can be purchased for 985 today this bond pays 72 in
Reference No:- TGS0602366

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