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A $18,000 face value bond matures on August 3, 2024, and carries a coupon of 6.55%. It is sold on February 3, 2009, for $20,557.32.

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A $18,000 face value bond matures on August 3, 2024, and carries a coupon of 6.55%. It is sold on February 3, 2009, for $20,557.32. Determine the yield to maturity? SDT=02.0309 CPN=6 55 RDT=08.0324 YLD-CPT-5.203359% PRI=20557.32/18000-1.142073*100=114.20733

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