Determine the yield to maturity on a bond

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Using the following parameters determine the yield to maturity on a bond that:

(a) provides an annual end of year interest payments of $2,500
(b) has a face amount of $15,000
(c) has a current price/market value of $17,000 and
(d) has a maturity date in 8 years?

 

Reference no: EM13292431

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