Interest payments are paid semi- annually and par value

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A 7.25% coupon bond with 10 years left to maturity is offered for sale at $1037.20. What yield to maturity is the bond offering? (hint: interest payments are paid semi- annually and par value is $1000) please draw time line and use financial calculator. do not forget to multiply semi-annual rate by two to get annualized YTM

Reference no: EM131043828

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