What is the yield to maturity on a 15000 5-year 55 bond


What is the yield to maturity on a $15,000, 5-year, 5.5% bond that makes semi-annual coupon payments and was purchased at $15,500? The bond has eight years remaining until maturity.

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Finance Basics: What is the yield to maturity on a 15000 5-year 55 bond
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