Problema bond with a face value of 1000 is currently, Ask an Expert

Accounting

Problem:

A bond with a face value of $1,000 is currently selling for $1,080. The bond pays a 12.5% interest coupon, and has 20 years remaining until its maturity.

Required:

Question: What is the Yield to Maturity for this bond?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167313

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