Find the yield to maturity (%) of a 15 year, 9%, $1,000 par value semi annual bond trading at a price of $850.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14P: Current Yield with Semiannual Payments A bond that matures in 7 years sells for $1,020. The bond has...
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Find the yield to maturity (%) of a 15 year, 9%, $1,000 par value semi annual bond trading at a price of $850.

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