A firms bonds have a maturity of 10 years with a 1000 face


A Firms bonds have a maturity of 10 years, with a 1000 face value, and an 8% coupon rate paid semi-annually. The bonds are callable in 5 years at 1050. They currently sell at 1100.

What is the bonds Yield-To-Maturity?

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Financial Management: A firms bonds have a maturity of 10 years with a 1000 face
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