The bonds issued by United Corp. bear a coupon of 4 percent, payable semiannually. The bond...
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The bonds issued by United Corp. bear a coupon of 4 percent, payable semiannually. The bond matures in 19 years and has a $1,000 face value. Currently, the bond sells at $965. The yield to maturity (YTM) is. %. The bonds issued by United Corp. bear a coupon of 4 percent, payable semiannually. The bond matures in 19 years and has a $1,000 face value. Currently, the bond sells at $965. The yield to maturity (YTM) is. %.
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To calculate the yield to maturity YTM of the bond we can use the formula for YTM which considers th... View the full answer
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