Business, 07.03.2020 04:58 Hellokittyjam35

You own a bond with a par value of $1,000 and a coupon rate of 8.50% (semiannual coupon). You know it has a current yield of 7.00%. What is its yield to maturity? The bond has 6 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). Group of answer choices

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You own a bond with a par value of $1,000 and a coupon rate of 8.50% (semiannual coupon). You know i...

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