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Yield to maturity at a current market price

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Yield to maturity

Harrimon Industries bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

  1. a. What is the yield to maturity at a current market price of
    1. $858? Round your answer to two decimal places
    2. $1,216? Round your answer to two decimal places.

Reference no: EM131093379

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