Dan is going to buy a 19 year bond that pays a coupon rate


Dan is going to buy a 19 year bond that pays a coupon rate of 11.56% per year, and has a $1K par value. The bond currently priced $1,326.92? What is the yield to maturity of this bond? Assume annual coupon payments.

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Financial Management: Dan is going to buy a 19 year bond that pays a coupon rate
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