You just purchased a corporate bond with a 4125 coupon rate, Ask an Expert

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You just purchased a corporate bond with a 4.125% coupon rate that has 17 years left until it matures. Interest on the bond is paid twice per year. You paid 4% above face value for the bond. What is your YTM on this bond? Format your answer as a percentage, and show two digits after the decimal point

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Financial Management, Finance

Category:- Financial Management
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