Yield to maturity of a semiannual bond


Question:

What is the yield to maturity of a semiannual bond that sells for $1045 today and has an annual coupon rate of 10% and matures in 12 Years? Please provide step by step solution and also justify your answer and calculations.

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Finance Basics: Yield to maturity of a semiannual bond
Reference No:- TGS0876642

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