What is the yield to maturity


Problem:

The $1,000 face value bonds of Shonesy International have a 7.5 percent coupon and pay interest annually. Currently, the bonds are quoted at 95.27 and mature in 3.5 years.

Required:

Question: What is the yield to maturity?

Note: Show all workings.

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Accounting Basics: What is the yield to maturity
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