What is the yield to maturity at a current market price


Problem:

The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%.

a.) What is the yield to maturity at a current market price of $829?

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Finance Basics: What is the yield to maturity at a current market price
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