The market price is 850 for a 20-year bond 1000 par value


Question - The market price is $850 for a 20-year bond ($1,000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?

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Accounting Basics: The market price is 850 for a 20-year bond 1000 par value
Reference No:- TGS02569162

Now Priced at $20 (50% Discount)

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