Question
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
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?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
