The market price for 850 for a 10-year bond 1000 par value


The market price for $850 for a 10-year bond ($1000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually). What is the bond's yield to maturity?

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Basic Statistics: The market price for 850 for a 10-year bond 1000 par value
Reference No:- TGS02886106

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