Using the bond price given in the second-to-last column of Table 15.2, verify the September 22, 2009,

Question:

Using the bond price given in the second-to-last column of Table 15.2, verify the September 22, 2009, yield (to maturity) for the TransCanada Pipelines Ltd. 8.29% bond, maturing February 5, 2026.
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...