Problema 625 percent coupon bond with 20 years left to, Ask an Expert

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Problem:

A 6.25 percent coupon bond with 20 years left to maturity is offered for sale at $1017.20. What yield to maturity is the bond offering? Assume interest payments are paid semi-annually and face value is $1000.

3.05%

6.00%

6.10%

6.15%

Explain in detail and also provide step by step solution.

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Category:- Basic Finance
Reference No.:- M91147449

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