Calculate the yield to maturity

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Reference no: EM133130263

Question - Calculate the yield to maturity on the following bonds:

a. A 9.8 percent coupon (paid semiannually) bond, with a $1,000 face value and 23 years remaining to maturity. The bond is selling at $945.

b. An 10.3 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $905.

c. An 9.3 percent coupon (paid annually) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $1,055.

Reference no: EM133130263

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