Determine the yield to maturity

Reference no: EM132162769

Question: A 9% coupon bond of the ABC Company with a face value of $1000 is selling for $1057.53. If interest is paid annually and the bond matures in 8 years, determine the yield to maturity (IRR). The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132162769

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