Assume par value of 1000 assume semiannual compounding


Suppose that today you buy a bond with an annual coupon rate of 9 percnt for 1120. the bond has 12 years to maturity. Assume par value of 1000. Assume semiannual compounding periods. What is the yeild to maturity at the time of purchase?

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Finance Basics: Assume par value of 1000 assume semiannual compounding
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