Yield to maturity, Question: What is the yield to maturity? Note: Please show guided help, Accounting Basics

Yield to maturity

Problem:

Bluff Enterprises has a $1000 face value bond outstanding. These bonds have a 6% coupon and mature in 6 years. The current price is $1,100.

Required:

Question: What is the yield to maturity?

Note: Please show guided help with steps and answer.

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Accounting Basics: Yield to maturity

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Accounting Basics: Yield to maturity

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