What the term yield to maturity means

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Question: If a bond with 30 years to maturity and a coupon rate of 8.2% (paid semi-annually) is selling for $895, what is the yield to maturity for this bond? Provide a brief description of what the term "yield to maturity" means? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131948171

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