Two years makes semiannual interest payments

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A bond that matures in two years makes semiannual interest payments. The par value is $2,000, the coupon rate equals 4%, and the bond's market price is $2,078.04. What is the bond's yield to maturity? Round your answer one decimal place.

Reference no: EM131179730

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Two years makes semiannual interest payments : A bond that matures in two years makes semiannual interest payments. The par value is $2,000, the coupon rate equals 4%, and the bond's market price is $2,078.04. What is the bond's yield to maturity?

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