Business, 09.11.2020 16:50 jpsaad00

A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. The bond's yield to maturity is: (Round the answer to two decimal places.)

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A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays inte...