The 8 of 20yys have a market price of 1161705 note that


Question: The 8% of 20YY's have a market price of $11,617.05. Note that this bond matures in 14 years. Assume that the next coupon payment is exactly six months away, and the bond has a face of 10000. What is the yield to maturity on the bond?

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Finance Basics: The 8 of 20yys have a market price of 1161705 note that
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