Calculate the annual yield to maturity on this


Intel Corp. (INTC) has a bond outstanding that’s priced at $1,040.05 per bond (and, as a total aside, is rated A– by Standard & Poors). This bond carries a coupon rate of 3.25%/year, makes semi-annual payments, ma- tures in 22.0 years, and has a par value of $1,000. Calculate the annual yield to maturity on this bond.

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Financial Management: Calculate the annual yield to maturity on this
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