Young corporation issued a bond with 8 coupon rate and it, Ask an Expert

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Young Corporation issued a bond with 8% coupon rate and it has 9 years until maturity. The bond makes annual payments and sells for $1050. So what kind of a bond is that? If you were able to calculate YTM, is it going to be higher or lower than the coupon rate?

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Financial Management, Finance

Category:- Financial Management
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