Yield to maturity if investor pay for denomination bond


Question:

Southern Bell has issued 4 3/8 percent bonds that mature on August 1, 2011. Assume that interest is paid and compounded annually. Determine the yield to maturity if an investor purchases a $1,000 denomination bond for $853.75 on August 1, 2004.

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Finance Basics: Yield to maturity if investor pay for denomination bond
Reference No:- TGS02057076

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