Business, 21.02.2020 03:37 kedan12

The Price Perpetual Bank has purchased a bond that has a coupon rate of 5.5% and a face value of $1000. It has 11 years to maturity and is selling in the market for $887.52. The bond makes annual coupon payments. What is the yield to maturity on this bond?

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The Price Perpetual Bank has purchased a bond that has a coupon rate of 5.5% and a face value of $10...