Tuesday
July 22, 2014

Homework Help: Finance

Posted by Janiyah on Wednesday, March 2, 2011 at 6:19pm.

XYZ bonds have a 7.60 percent coupon and pay interest annually. The face value is $1,000 and the current market price is $1,062.50 per bond. The bond matures in 16 years. What is the yield to maturity?

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