You just purchased a bond that matures in 15 years the bond, Financial Management

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You just purchased a bond that matures in 15 years the bond

Yield to Maturity and Current Yield

You just purchased a bond that matures in 15 years. The bond has a face value of $1,000 and has an 8% annual coupon. The bond has a current yield of 8.37%. What is the bond's yield to maturity? Round your answer to two decimal places.

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Financial Management: You just purchased a bond that matures in 15 years the bond

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Financial Management: You just purchased a bond that matures in 15 years the bond

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