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CoursHeroTranscribedText 5. Your case company has an issue of $1,000 par value annual coupon bonds with 6 years remaining until maturity. The annual coupon rate
5. Your case company has an issue of $1,000 par value annual coupon bonds with 6 years remaining until maturity. The annual coupon rate is given in Table 1, along with the current price of the bonds. What is the yield to maturity on the bonds? Face value (FV or M) Bond price (PV) Coupon rate Number of years to maturity (n) Payment (CF, PMT or C) Yield to Maturity (YTM or r) $1,000 -$980.95 4.9% 6 $49 5.28%
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