given the price of a 2-year coupon, bond is $875 its coupon rate is 10% and its face value is 1000 the YTM on this bond is?

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
Problem 4MC
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given the price of a 2-year coupon, bond is $875 its coupon rate is 10% and its face value is 1000 the YTM on this bond is?

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