A bond currently sells for 1000 and has a par of 1000 it


A bond currently sells for $1,000 and has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semi annually. What is its YTM?

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Financial Management: A bond currently sells for 1000 and has a par of 1000 it
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