Problemyou just purchased a bond that matures in 12 years, Ask an Expert

Finance

Problem:

You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has a 7% annual coupon. The bond has a current yield of 5.74%.

Question: What is the bond's yield to maturity? Show your all work and provide all calculations.

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Category:- Basic Finance
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