Annualized yield to maturity


Problem:

Thompson Biometrics Inc., has outstanding $1,000 face value 8% coupon bonds that make semi-annual payments, and have 14 yrs remaining to maturity. If the current price for these bonds is $987.24,

Required

Question: What is the annualized yield to maturity?

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Finance Basics: Annualized yield to maturity
Reference No:- TGS0879817

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