What effect decrease in the offered sales price

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A 5.65 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity [interest rate] is the bond offering. Assume interest payments are paid semi-annually, and solve using semi-annual compounding. Explain what effect a decrease in the offered sales price would have on the yield to maturity.

Reference no: EM131192554

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