This bond has a face value of 1000 and pays 65 percent


Elizabeth Cherry has a bond that has 10 years to maturity. This bond has a face value of $1,000 and pays 6.5 percent interest per year. This bond is selling in the market for $1,350. What is the yield to maturity on this bond?

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Basic Statistics: This bond has a face value of 1000 and pays 65 percent
Reference No:- TGS02563021

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