United air has a 87 coupon 20 year bond par value 1000


United Air has a 8.7% coupon 20 year bond (par value = $1,000). Assume that coupon payments are semi-annual and that the current price is $980.50. What is the yield-to-maturity of this bond? Be sure to report on an annualized basis

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Financial Management: United air has a 87 coupon 20 year bond par value 1000
Reference No:- TGS01401609

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