Mathematics, 14.10.2020 01:01 roger93

DMC Inc. Is planning to issue a $1,000 face value bond with an annual coupon rate of 10% that matures in 20 years. DMC is planning to pay semiannual interest payments. Similar DMC bonds are quoting at 95% of par. What is yield to maturity for this bond?

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DMC Inc. Is planning to issue a $1,000 face value bond with an annual coupon rate of 10% that mature...