Calculate the bonds yield to maturity
Question: A corporate bond matures in 14 years. The bond has an 8% semiannual coupon & a par value of 1,000 dollar. The price of the bond today is 1,075 dollar. Calculate the bond’s yield to maturity?
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A corporate bond matures in 14 years. The bond has an 8% semiannual coupon & a par value of 1,000 dollar.
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