Find out the yield-to-maturity

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Consider a coupon bond with a face value of $1,000 with a 4.25% coupon rate (paid annually) and 14 years to maturity. If the current market price of the bond is $925.76, what is the yield-to-maturity? Students must show the bond equation to receive credit. If you don't have a financial calculator, then solve for the interest rate using Excel.

Reference no: EM132648768

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