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A municipal bond has 8 years until maturity

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A municipal bond has 8 years until maturity and sells for $3,771. If the coupon rate on the bond is 4.24 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM13682295

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A municipal bond has 8 years until maturity : A municipal bond has 8 years until maturity and sells for $3,771. If the coupon rate on the bond is 4.24 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
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