Yield to maturity is the bond offering


Problem:

A 6.25 percent coupon bond with 20 years left to maturity is offered for sale at $1017.20. What yield to maturity is the bond offering? Assume interest payments are paid semi-annually and face value is $1000.

3.05%

6.00%

6.10%

6.15%

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Finance Basics: Yield to maturity is the bond offering
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