What is annualized yield to maturity of bond

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Samson Co. has outstanding a fixed coupon, $1,000 par value bond with 10 years remaining until maturity. The bond makes semi-annual coupon payments and the annual coupon rate is 7 percent. If the bond currently sells at a price of $900 per bond, what is the annualized yield to maturity of the bond?

Reference no: EM131356144

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