A 25-year, $1,000 face value bond sells for $925 has an 8% annual coupon rate. The bond will mature in 10 years. What is the bond’s yield to maturity

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A 25-year, $1,000 face value bond sells for $925 has an 8% annual coupon rate. The bond will mature in 10 years. What is the bond’s yield to maturity?

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