The par value of the bond is 1000 and its current selling, Finance Basics

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The par value of the bond is 1000 and its current selling

The bonds of a nearby municipality have a 9.00% coupon that is paid semiannually. The par value of the bond is $1000, and its current selling price is $1333.00. The anticipated period until maturation occurs is 10 years. Given such data, determine the yield to maturity of the bond.

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Finance Basics: The par value of the bond is 1000 and its current selling

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