What is the annual yield to maturity on the bonds

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Problem 1: Apple Inc has bonds outstanding which are priced at $897.50. These bonds carry a coupon rate of 5.50%, make semiannual payments, and mature in 10 years. Assuming the par value is $1,000, what is the annual yield to maturity (YTM) on these bonds?

Reference no: EM132979656

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