Yield to Maturity A 5.65 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield to maturity is the bond offering? (Assume interest payments are semiannual.) Please answer with entire formula. Those that use excel formulas will get first look.
Added by Celia V.
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65% * $1000 Annual coupon payment = $56.50 Show more…
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