Consider a coupon bond that has a par value of $900 and a coupon rate of 6%. The bond is currently selling for $867.90 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is %. (Round your response to one decimal place.)

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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Consider a coupon bond that has a par value of $900 and a coupon
rate of 6%. The bond is currently selling for $867.90 and has 2 years
to maturity. What is the bond's yield to maturity (YTM)?
The yield to maturity is %. (Round your response to one decimal
place.)
Transcribed Image Text:Consider a coupon bond that has a par value of $900 and a coupon rate of 6%. The bond is currently selling for $867.90 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? The yield to maturity is %. (Round your response to one decimal place.)
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