The market price is 900 for a 12-year bond 1000 par value


Question - The market price is $900 for a 12-year bond ($1,000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually).

What is the bond's yield to maturity?

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Accounting Basics: The market price is 900 for a 12-year bond 1000 par value
Reference No:- TGS02570821

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