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A corporation has an outstanding bond with the following characteristics: Coupon rate = 6.0% Interest payments - Semi-annually Face value = $1,000 Years to maturity
A corporation has an outstanding bond with the following characteristics:
- Coupon rate = 6.0%
- Interest payments - Semi-annually
- Face value = $1,000
- Years to maturity = 20
- Current market value = $1,054.88
Find the yield to maturity (YTM) for this bond.
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
