Bonds yield to maturity in the bond matures

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A bond's market price is $1,100. It has a $1,000 par value, will mature in 12 years and has a coupon interest rate of 11 percent annual interest, but makes its interest payment semiannually. a) what is the bond's yield] to maturity? b. What happens to the bond's yield to maturity in the bond matures in 24 years? C. what if it matures in 6 years?

Reference no: EM13885479

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