The yield to maturity is 67 percent and the bond matures in


Tennieh a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures in 18 years. What is the market price if the bond has a par value of $1,000?

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Finance Basics: The yield to maturity is 67 percent and the bond matures in
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