A company has 7 percent coupon bonds on the market with 9


Problem

A company has 7 percent coupon bonds on the market with 9 years left to maturity. Coupons are paid annually. If the bond currently sells for $1,038.50, what is its yield to maturity? What if the current price is only $980.30?

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Accounting Basics: A company has 7 percent coupon bonds on the market with 9
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