Calculate yield to maturity on the bond
Question: Vertex bonds have a maturity value of $1,200. The bonds carry a coupon rate of 14%. Interest is paid semiannually. The bonds will mature in 7 years. If the current market price is $1,082.65, calculate the yield to maturity on the bond?
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Vertex bonds have a maturity value of $1,200. The bonds carry a coupon rate of 14%. Interest is paid semiannually. The bonds will mature in 7 years.
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