What is the bonds yield to maturity


Problem

Tidewater Home Health Care, Inc., has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. The current market price of the bonds is $1,251.22. What is the bond's yield to maturity?

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Finance Basics: What is the bonds yield to maturity
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