Determine the annual yield to maturity on the company


A company issues a bond with a marurity of 8 years. The coupon interest rate is 8%. Interest is paid on a semi-annual basis. The bond currently has a value of $1,102.26. The par value of the bond is $1,000. Determine the annual yield to maturity on the company bond.

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Financial Management: Determine the annual yield to maturity on the company
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