Suppose that you have a bond that has a par value of $1,000 and a coupon interest rate of 9%. Its current price is $950 and it will mature in 7 years. What is the yield to maturity? Why when I solve this the result fives me 9.96% Annual coupon=1000*9%=90 Approx Yield to maturity=[Annual coupon+(Face value-Present value)/time to maturity]/(Face value+Present value)/2 =[90+(1000-950)/7]/(1000+950)/2 yet in other solutions I see the result is 10.03%