Calculation of yield to maturity of a bond

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Reference no: EM13827492

Problem:

What is the current yield on a government bond, issued exactly five years ago, that has a current market price of $5866 and pays an annual coupon payment of $350, and matures at the end of 4 years, when the face value of $5000 will be repaid? What is the yield to maturity of this bond?

Summary of problem:

Basically this question belongs to Finance and the question is about calculation of yield to maturity of a bond issued 5 years ago with current market price of $5866 and pays an annual coupon payment of $350.

Total Word Limit: 115 Words

Reference no: EM13827492

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