What is yield to maturity-bonds issued by jordache jewellers


Question:

The bonds issued by Jordache Jewellers bear a 7.5% coupon, payable semiannually. The bonds mature is 13 years and have a $1,000 face value. Currently, the bonds sell at par. What is the yield to maturity?

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Finance Basics: What is yield to maturity-bonds issued by jordache jewellers
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