What is the yield to maturity

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Greenbrier Industrial Products' bonds have a 7.60 percent coupon and pay interest annually. The face value is $1,000 and the current market price is $1.062.50 per bond. The bonds mature in 16 years. What is the yield to maturity?

Reference no: EM13889823

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What is the yield to maturity : Greenbrier Industrial Products' bonds have a 7.60 percent coupon and pay interest annually. The face value is $1,000 and the current market price is $1.062.50 per bond. The bonds mature in 16 years. What is the yield to maturity?
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