What is the yield to maturity of bond
A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $875.
(a) What is the yield to maturity of the bond?
(b) Assuming the YTM stays constant, what will be the bond price five years from today.
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A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $875. What is the yield to maturity of the bond?
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