What is the yield to maturity of a 5-year bond that pays a


Finance: YTM annually, semi-annually

Question

What is the yield to maturity of a 5-year bond that pays a coupon rate of 7.60 percent per year, has a $1,000 par value, and is currently priced at $1,255? Assume annual coupon payments.

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Finance Basics: What is the yield to maturity of a 5-year bond that pays a
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