Abc company bonds have 4 years left to maturity interest
ABC company bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%. What is the yield to maturity at a current market price of (1) $829 and (2) $1,104?
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a. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)?
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