Solved: Calculate the annual yield to maturity for the bond, Finance Basics

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Calculate the annual yield to maturity for the bond

Problem:

You are considering the purchase of an AT&P bond with a 13% coupon rate. Interest is paid and compounded semiannually. The bond will mature in 8 years, and has a $1000 face value. The bond currently sells for $867. Calculate the ANNUAL yield to maturity for this bond. (Round to nearest percentage)

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Finance Basics: Calculate the annual yield to maturity for the bond

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