A treasury bond that settles on August 10, 2019, matures on January 15, 2025. The coupon rate is 5.2 percent and the quoted price is 110 11/32. What is the bond's yield to maturity?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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A treasury bond that settles on August 10, 2019, matures on January 15, 2025. The coupon rate is 5.2 percent and the quoted price is 110 11/32. What is the bond's yield to maturity?

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