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Please calculate the yield on the following bond. Coupon rate is 12%, paid once a year . It currently sells for $1,039 per share .
Please calculate the yield on the following bond. Coupon rate is 12%, paid once a year . It currently sells for $1,039 per share . The face value is $1,000 . The bonds mature in 10 years. What is the yield to maturity of this bond?
(Format answer to percent and rounded to two decimals, enter your answers without %, for example, for 12.40% , enter 12.40 only)
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