You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with

You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with

Question:

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You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with
From as Little as $13/Page

You are given the information about a bond: it is a $1,000 par value.Newly issued 15- year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $913. 
What is the YTM of the bond?

Expert Answer:

Answer rating: 100% (QA)

Given Par value face value 1 000 Coupon rate 7 expressed as a decim
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