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Find the yield to maturity

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Reference no: EM132134772

A corporation has an outstanding bond with the following characteristics:

  • Coupon rate = 6.0%
  • Interest payments - Semi-annually
  • Face value = $1,000
  • Years to maturity = 20
  • Current market value = $1,054.88

Find the yield to maturity (YTM) for this bond. 

Reference no: EM132134772

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