If this bond pays semi-annual coupon payments what is the


Assume the following information for a given corporate step-up bond: Par = $1000 Maturity = 12 years Current price = $1,122.50 Assigned interest rates: Years 1-8: 4.80% Years 9-12: 5.30% If this bond pays semi-annual coupon payments, what is the current YTM (Yield to-Maturity or Internal Rate of Return) for this bond?

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Financial Management: If this bond pays semi-annual coupon payments what is the
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