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A bond has a face value of $1,000, a coupon rate of 9%, and makes semi-annual coupon payments. The bond is a corporate bond (use
A bond has a face value of $1,000, a coupon rate of 9%, and makes semi-annual coupon payments. | |
The bond is a corporate bond (use basis = 0). | |
The investor purchases the bond on April 28, 2021. The bond matures on February 15, 2040. | |
If the bond's current price is $1,125, what is the bond's yield to maturity? | |
Use the =yield function. |
Settlement |
maturity |
rate |
price |
redemption |
frequency |
basis |
Yield |
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