Yield to maturity on the bond based problem
Question:
An investor purchase a bond for $953 on January 2, 1997. The bond has a face value of $1,000 and a stated interest rate of 6.85 percent. It matures on December 31, 2016. The yield to maturity on this bond is _____ percent.
Now Priced at $20 (50% Discount)
Recommended (95%)
Rated (4.7/5)
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