Bond that matures in 12 years, Financial Accounting

You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7% yearly coupon. The bond has a present yield of 5.74%. What is the bond's yield to maturity?

 

Posted Date: 3/28/2013 3:59:04 AM | Location : United States







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