What is the yield to maturity for a $1,000 par, 30-year, 9% coupon bond with semi-annual payments that sells for $1057.25? 9.45% 10.38% 8.47% 7.52%

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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What is the yield to maturity for a $1,000 par, 30-year, 9% coupon bond with semi-annual payments that sells for $1057.25?
9.45%
10.38%
8.47%
7.52%
Transcribed Image Text:What is the yield to maturity for a $1,000 par, 30-year, 9% coupon bond with semi-annual payments that sells for $1057.25? 9.45% 10.38% 8.47% 7.52%
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