A corporate bond has a face value of 1000 and pays a 50, Finance Basics

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A corporate bond has a face value of 1000 and pays a 50

Question: A corporate bond has a face value of $1,000, and pays a $50 coupon every six months (i.e., the bond has a 10 percent semiannual coupon). The bond matures in 12 years and sells at a price of $1,080. What is the bond's nominal yield to maturity?

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Finance Basics: A corporate bond has a face value of 1000 and pays a 50

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Finance Basics: A corporate bond has a face value of 1000 and pays a 50

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