Yield to maturity

8. What is the yield to maturity for a 10 percent coupon rate bond priced at $1,090.90? Assume there are 20 years left to maturity. It is a $1,000 par value bond. Use the trial-and-error approach with annual analysis. (Hint: Because the bond is trading at a price above par value, first decide whether your initial calculation should be at an interest rate above or below the coupon rate.)