Find out the approximate yield to maturity


Problem:

Columbia Corporation issued a 20-year bond 10 years ago. The bond, which pays $80 interest annually, was issued at par.

Required:

Question: If the bond is currently selling for $820, what is the approximate yield to maturity?

Note: Provide support for your rationale.

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Finance Basics: Find out the approximate yield to maturity
Reference No:- TGS0880905

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