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Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of 4.8%. the Bond sells for $951.07 and matures

Broke Benjamin Co. has a bond outstanding that makes semi annual payments with a coupon rate of 4.8%. the Bond sells for $951.07 and matures in 10 years. The par value is $1,000. What is the yield to maturity of the bond?

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To calculate the yield to maturity YTM of the bond we can use the formula for YTM which considers th... blur-text-image

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