What is the ytm of an x annual level-coupon bond whose, Financial Management

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What is the ytm of an x annual level-coupon bond whose

What is the YTM of an x% annual level-coupon bond whose price is equal to the principal paid at maturity?

For example, take a 5-year bond that costs $1,000 today, pays 5% coupon ($50 per year) for 4 years, and finally repays $1,050 in principal and interest in year 5.

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Financial Management: What is the ytm of an x annual level-coupon bond whose

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