Yield to maturity for these bonds, Accounting Basics

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Yield to maturity for these bonds

Problem:

Rogue Racing Inc. has $1,000 par value bonds with a coupon rate of 8% per year making semiannual coupon payments. If there are twelve years remaining prior to maturity and these bonds are selling for $876.40,

Required:

What is the yield to maturity for these bonds?

Note: Explain all calculation and formulas.

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Accounting Basics: Yield to maturity for these bonds

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Accounting Basics: Yield to maturity for these bonds

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