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Key Data n 13 (number of years) m 8 (payments per year) par value 678,028 bond yield rate 2.9% coupon rate 8.1% Find yield to
Key Data
n | 13 (number of years) |
m | 8 (payments per year) |
par value | 678,028 |
bond yield rate | 2.9% |
coupon rate | 8.1% |
Find yield to maturity | YTM |
If the bond was sold before maturity, (selling price does not equal par value) that allowed for a 2.9% bond yield rate/period, what was the yield to maturity?
(ans: 25.7%)
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