Bonds with semiannual coupons and yield to maturity

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Reference no: EM132006014

Bond Yields

Bonds with Semiannual Coupons

Yield to maturity

Heymann Company bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

What is the yield to maturity at a current market price of $849? Round your answer to two decimal places.

Round your answer to two decimal places.

Reference no: EM132006014

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