Determine what is the annual yield to maturity

Reference no: EM131971815

Question: Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of 9 percent. If the price of the bond is $1,089.55, what is the annual yield to maturity? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131971815

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