Question a corporate bond with a face value of 1000 matures, Ask an Expert

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Question: A corporate bond with a face value of $1,000 matures in 4 years and has an 8% coupon rate. The current price of the bond is $1032. What is the yield to maturity for this bond? Please do not put this in an excel spreadsheet. I will need to know the outputs N, I, PV, PMT, and FV. Is there a formula for this equation?

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