(Answered) Yield to maturity for an PBJ Corporation bond

Finance

Problem: PBJ Corporation issued bonds on January 1, 2006. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2021.

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Question: What is the yield to maturity for an PBJ Corporation bond on January 1, 2012 if the market price of the bond on that date is $950? Support your statements with examples.

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