A bond has a 1000 par value 8 years to maturity and a 7
Yield to maturity and future price
A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980.
What is its yield to maturity (YTM)? Round your answer to two decimal places.
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yield to maturity and future pricea bond has a 1000 par value 8 years to maturity and a 7 annual coupon and sells for
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