Patsy Dougherty bought a $1,000 face value bond with a 9 annual coupon and three years to maturity that makes its first interest payment one year from today Patsy bought the bond for $975 13 What is the bond 's yield to maturity ...

The yieldtomaturity of a bond is that interest rate that equates the price of th ...

Patsy Dougherty bought a $1,000-face-value bond with a 9% annual coupon and three years to maturity that

Question:

Patsy Dougherty bought a $1,000-face-value bond with a 9% annual and three years to that makes its first interest payment one year from today. Patsy bought the bond for $975.13. What is the bond's yield-to-maturity?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...