What is its approximate yield to maturity
Problem:
A ten-year bond pays 11% interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity?
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The bond currently sells for $867. Calculate the ANNUAL yield to maturity for this bond. (Round to nearest percentage)
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If it currently sells for $1,195, what is its approximate yield to maturity?
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