Calculate the bond approximate yield to maturity

Reference no: EM13282768

An investor is considering purchasing a bond with a 3.50 percent coupon interest rate, a par value of $1,000, and a market price of $917.50. The bond will mature in 9 years. Based on this information, answer the following questions:

A) What is the bond's current yield?

B) Calculate the bond's approximate yield to maturity?

Reference no: EM13282768

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