A bond that matures in two years makes semiannual interest


A bond that matures in two years makes semiannual interest payments. The par value is $2,000, the coupon rate equals 4%, and the bond's market price is $2,078.04. What is the bond's yield to maturity? Round your answer one decimal place.

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Financial Management: A bond that matures in two years makes semiannual interest
Reference No:- TGS01561977

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