What is the yield to maturity of a bond

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Reference no: EM131925944

Question: a) Find the price of a 12% coupon bond with a face value of $1,000, a 7% yield to maturity, and 15 years to maturity.

b) What is the yield to maturity of a bond that has a price of $800 and pays $300 of interest annually, forever?

Reference no: EM131925944

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