You just purchased a bond that matures in 5 years The bond has a face value of $1,000, an 8 percent annual coupon, and has a current yield of 8 21 percent What is the bond 's yield to maturity (YTM) ...

You just purchased a bond that matures in 5 years. The bond has a face value of

Question:

You just purchased a bond that matures in 5 years. The bond has a of $1,000, an 8 percent annual coupon, and has a current yield of 8.21 percent. What is the bond's yield to (YTM)?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...