A corporate bond with a par value of $1,000 and a coupon rate of 5.5% is currently
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A corporate bond with a par value of $1,000 and a coupon rate of 5.5% is currently trading in the market at a price of $1,050. The bond has 10 years until maturity and pays interest semi-annually. What is the yield to maturity (YTM) of this bond?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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